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FDP Fd Technologies Public Limited Company

1,228.00
16.00 (1.32%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fd Technologies Public Limited Company LSE:FDP London Ordinary Share GB0031477770 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  16.00 1.32% 1,228.00 1,224.00 1,240.00 1,240.00 1,170.00 1,228.00 854,085 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cmp Processing,data Prep Svc 296.04M -4.01M -0.1429 -86.77 348.29M

First Derivatives PLC Acquisition of minority interest in Kx Systems (5380C)

18/06/2019 7:00am

UK Regulatory


Fd Technologies Public (LSE:FDP)
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From Mar 2019 to Mar 2024

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TIDMFDP

RNS Number : 5380C

First Derivatives PLC

18 June 2019

18 June 2019

First Derivatives plc

("FD" or the "Group")

Completion of acquisition of minority interest in Kx Systems

FD (AIM: FDP.L, Euronext Growth: FDP.I) announces it has completed the acquisition of the minority shareholdings in Kx Systems, in line with the terms announced on 2 July 2018. Completion of the transaction takes the Group's ownership of Kx Systems to 100% for consideration of $53.8m in cash, which has been paid from FD's available facilities.

Brian Conlon, Chief Executive Officer of FD, said: "Since we acquired a controlling stake in Kx Systems in October 2014 we have invested heavily to deliver the performance advantages of our combined solutions, branded as Kx technology, to a range of end-markets. We are making exciting progress as we demonstrate our ability to transform our customers' operational performance by unlocking the value in their data. Full ownership of Kx Systems is an important milestone as we continue to commercialise our technology."

Enquiries

For further information please contact:

 
First Derivatives plc                                     +44(0)28 3025 2242 
 Brian Conlon, Chief Executive Officer              www.firstderivatives.com 
 Graham Ferguson, Chief Financial Officer 
 Ian Mitchell, Head of Investor Relations 
 
Investec Bank plc (Nominated Adviser and Broker) 
 Andrew Pinder 
 Carlton Nelson                                               +44 (0)20 7597 
 Sebastian Lawrence                                                     5970 
 
Goodbody (Euronext Growth Adviser and Broker) 
 David Kearney 
 Finbarr Griffin                                             +353 1 667 0420 
 
FTI Consulting 
 Matt Dixon 
 Dwight Burden 
 Darius Alexander                                             +44 (0)20 3727 
 Niamh Fogarty                                                          1000 
 
 

About FD

FD is a global technology provider with more than 20 years of experience working with some of the world's largest finance, technology, retail, pharma, manufacturing and energy institutions. The Group's Kx technology, incorporating the kdb+ time-series database, is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. Kx delivers the best possible performance and flexibility for high-volume, data-intensive analytics and applications across multiple industries. FD operates from 15 offices across Europe, North America and Asia Pacific, including its headquarters in Newry, and employs more than 2,400 people worldwide.

For further information, please visit www.firstderivatives.com and www.kx.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ACQLLFETRAIDLIA

(END) Dow Jones Newswires

June 18, 2019 02:00 ET (06:00 GMT)

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