Directors' Grant of Options (5511U)
December 23 2011 - 2:00AM
UK Regulatory
TIDMFDP
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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