TIDMFDP

RNS Number : 4617S

First Derivatives PLC

09 July 2020

9 July 2020

First Derivatives plc

("FD" or the "Group")

Share Option Plan awards

FD (AIM: FDP.L, Euronext Growth: FDP.I) announces that on 8 July 2020 Seamus Keating, CEO, was granted options over 250,000 ordinary shares of 0.5p each ("Ordinary shares") and Graham Ferguson, CFO, was granted options over 75,000 Ordinary shares under the Group's Share Option Plan.

In each case, the option exercise price is 2,595p and the options will vest after four years on the achievement of challenging total shareholder return (TSR) and earnings per share (EPS) growth targets. Both TSR and EPS targets are independent of each other and are weighted 50:50 for any award vesting.

For the TSR portion, 50% will vest for threshold performance, which is defined as 50% TSR over the four-year performance period. This translates to a CAGR of nearly 11%. Vesting then increases on a straight-line basis to full vesting for TSR of 100% (i.e., doubling of value over the four-year performance period, or a CAGR of nearly 19%).

For the EPS growth portion, 50% will vest for threshold performance, which is defined as 75% EPS growth over the four-year performance period, or a CAGR of 15%. Vesting will increase on a straight-line basis to full vesting for EPS growth of 100%.

The option grants are in line with the Group's remuneration policy and are subject to typical holding, malus and clawback provisions.

 
 1.   Details of PDMR / person closely associated with them 
       ("PCA ") 
 a)   Name                            Seamus Keating 
     ------------------------------  ----------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Positio n / status               Chief Executive Officer 
     ------------------------------  ----------------------------------- 
 b)   Initial notification            Initial Notification 
       / amendment 
     ------------------------------  ----------------------------------- 
 3.   Details of the Issuer 
     ------------------------------------------------------------------- 
 a)   Name                            First Derivatives plc 
     ------------------------------  ----------------------------------- 
 b)   LEI                             213800MKQAJ5R7WIU633 
     ------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------- 
 a)   Description of the              Ordinary Shares of GBP0.005 
       financial instrument,           ISIN: GB0031477770 
       t ype of instrument 
     ------------------------------  ----------------------------------- 
 b)   Nature of the transaction       Award of share options 
     ------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)            Price(s)          Volume(s) 
                                                    Nil    250,000 
                                                          ---------- 
     ------------------------------  ----------------------------------- 
 d)   Aggregated information          N/a - single transaction 
       - Aggregated volume 
       - Price 
     ------------------------------  ----------------------------------- 
 e)   Date of the transaction         8 July 2020 
     ------------------------------  ----------------------------------- 
 f)   Place of the transaction        Outside a trading venue 
     ------------------------------  ----------------------------------- 
 
 
 2.   Details of PDMR / person closely associated with them 
       ("PCA ") 
 a)   Name                            Graham Ferguson 
     ------------------------------  ----------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Positio n / status               Chief Financial Officer 
     ------------------------------  ----------------------------------- 
 b)   Initial notification            Initial Notification 
       / amendment 
     ------------------------------  ----------------------------------- 
 3.   Details of the Issuer 
     ------------------------------------------------------------------- 
 a)   Name                            First Derivatives plc 
     ------------------------------  ----------------------------------- 
 b)   LEI                             213800MKQAJ5R7WIU633 
     ------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------- 
 a)   Description of the              Ordinary Shares of GBP0.005 
       financial instrument,           ISIN: GB0031477770 
       t ype of instrument 
     ------------------------------  ----------------------------------- 
 b)   Nature of the transaction       Award of share options 
     ------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)            Price(s)          Volume(s) 
                                                    Nil    75,000 
                                                          ---------- 
     ------------------------------  ----------------------------------- 
 d)   Aggregated information          N/a - single transaction 
       - Aggregated volume 
       - Price 
     ------------------------------  ----------------------------------- 
 e)   Date of the transaction         8 July 2020 
     ------------------------------  ----------------------------------- 
 f)   Place of the transaction        Outside a trading venue 
     ------------------------------  -----------------------------------

Enquiries

For further information please contact:

 
First Derivatives plc                       +44(0)28 3025 2242 
 Seamus Keating, 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 
 Sebastian Lawrence                         +44 (0) 20 7597 5970 
 
Goodbody (Euronext Growth Adviser and 
 Broker) 
 David Kearney 
 Don Harrington 
 Finbarr Griffin                            +353 (0)1 667 0420 
 
FTI Consulting 
 Matt Dixon 
 Dwight Burden 
 Darius Alexander                           +44 (0) 20 3727 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 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.

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July 09, 2020 02:00 ET (06:00 GMT)

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