Share Name Share Symbol Market Type Share ISIN Share Description
First Derivatives Plc 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
  35.00 1.22% 2,905.00 2,890.00 2,900.00 2,930.00 2,770.00 2,770.00 56,292 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 237.8 18.3 55.9 52.0 803

First Derivatives PLC Partial sale of Quantile Technologies holding

23/02/2021 7:00am

UK Regulatory (RNS & others)

First Derivatives (LSE:FDP)
Historical Stock Chart

From Jan 2021 to Feb 2021

Click Here for more First Derivatives Charts.


RNS Number : 9579P

First Derivatives PLC

23 February 2021

23 February 2021

First Derivatives plc

("FD" or the "Group")

Partial sale of Quantile Technologies holding

FD (AIM: FDP.L, Euronext Growth: FDP.I) announces that it has agreed to sell part of its investment in Quantile Technologies ("Quantile") to Spectrum Equity, a growth equity firm. Under the transaction FD will dispose of the majority of its holding in Quantile for cash consideration of GBP11m, representing a total gain of GBP10m on the initial cost of the investment (GBP7m gain on the current carrying value). Following this transaction FD will retain a minority stake in Quantile.

The investment occurred as part of FD's strategy of assisting companies that were adopting KX in new and innovative ways. Quantile utilises KX as the technology that underpins its highly successful advanced compression and risk rebalancing services and remains a valuable customer of the Group. The investment in Quantile represented FD's largest investment of this type, accounting for GBP10m of a total of GBP16m of other financial assets on the Group's consolidated balance sheet as at 28 February 2020. In the year to December 2019, Quantile reported net profit of GBP0.7m, although its performance was not consolidated as FD's holding was below 20%.

The consideration has been received and the proceeds will be used for general working capital purposes.


For further information please contact:

First Derivatives plc                                         +44 (0)28 3025 
 Seamus Keating, Chief Executive Officer                                2242 
 Ryan Preston, 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 
 Don Harrington 
 Finbarr Griffin                                             +353 1 667 0420 
FTI Consulting 
 Matt Dixon 
 Dwight Burden                                                +44 (0)20 3727 
 Darius Alexander                                                       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, automotive, 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 and

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 or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.



(END) Dow Jones Newswires

February 23, 2021 02:00 ET (07:00 GMT)

1 Year First Derivatives Chart

1 Year First Derivatives Chart

1 Month First Derivatives Chart

1 Month First Derivatives Chart
ADVFN Advertorial
Your Recent History
First Deri..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210227 12:48:05