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Directors' Grant of Options

Date : 12/23/2011 @ 2:00AM
Source : UK Regulatory (RNS & others)
Stock : First Deriv. (FDP)
Quote : 966.25  0.0 (0.00%) @ 5:39AM
First Derivatives share price Chart

Directors' Grant of Options

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RNS Number : 5511U

First Derivatives PLC

23 December 2011

First Derivatives plc

("First Derivatives" or the "Company")

Directors' grant of options

First Derivatives (AIM: FDP.L, ESM:FDP.I), a leading provider of software and consulting services to industry global investment banks and hedge funds, is pleased to announce that, upon the recommendation of the Company's Remuneration Committee, the Board agreed on Wednesday 21 December to grant certain directors of the Company options over a total of 250,000 ordinary shares of 5p each in the Company (the "Options"). This represents approximately 1.5% of the current issued share capital of the Company.

David Anderson, Non Executive Chairman, has been granted 50,000 Options, Adrian Toner, Chief Operating Officer, has been granted 175,000 Options and Pat Brazel, Non Executive Director, has been granted 25,000 Options as detailed below:

 
                                      Total No. 
                   No. of Options    of Options   Shareholding     % holding 
 Director                 Granted          held     in Company    in Company 
 David Anderson            50,000        60,000        140,000          0.85 
 Adrian Toner             175,000       410,000         10,000          0.06 
 Pat Brazel                25,000        25,000              -             - 
 

The Options are exercisable at 480 pence per ordinary share being the closing mid market price of First Derivatives ordinary shares on 20 December 2011, being the date prior to grant. The Options are exercisable between 20 December 2014 and 20 December 2021.

Enquiries:

 
 First Derivatives plc                     +44(0)28 3025 2242 
 Brian Conlon, Chief Executive       www.firstderivatives.com 
 Graham Ferguson, Chief Financial 
  Officer 
 
 Charles Stanley Securities 
  (Nominated Adviser)                     +44 (0)20 7149 6000 
 Russell Cook 
 Carl Holmes 
 
 Goodbody Corporate Finance 
  (ESM Adviser)                               +353 1 667 0420 
 Linda Hickey 
 Finbarr Griffin 
 
 Walbrook PR                              +44 (0)20 7933 8780 
 Bob Huxford                               bob@walbrookpr.com 
 Fiona Henson                            fiona@walbrookpr.com 
 
 Stakeholder Communications               +44 (0) 2890 339949 
 Carl Whyte 
 John Hart 
 

About First Derivatives

First Derivatives is a global provider of software and consulting services to the financial services industry. With almost 16 years experience working with leading financial institutions, it continues to deliver technologically advanced products and services that anticipate and respond to the evolving needs of global capital markets.

First Derivatives currently employs over 600 people worldwide and counts many of the world's top investment banks, brokers and hedge funds as its customers. It has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto, Sydney, Dublin, Newry and Hong Kong.

For further information please visit www.firstderivatives.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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