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RNS Number : 0497O

First Derivatives PLC

01 November 2016

01 November 2016

First Derivatives plc

("FD" or the "Company")

Issue of Equity

FD (AIM: FDP.L, ESM: FDP.I) announces that on 31 October 2016 the Company allotted 56,383 ordinary shares of 0.5p each in the Company ("Ordinary Shares") in respect of deferred consideration relating to the acquisition of ActivateClients Limited, announced on 24 March 2015. The total deferred consideration paid to the vendors of ActivateClients was EUR2.0m, including a cash payment of EUR0.7m (GBP0.6m).

Furthermore, on 31 October 2016 Non-Executive Directors Virginia Gambale and Jon Robson were allotted 1,563 and 1,643 Ordinary Shares respectively in accordance with the terms of their engagement. Following this allotment, Virginia Gambale holds 8,913 Ordinary shares representing 0.04% of the Company's issued share capital and Jon Robson holds 1,643 Ordinary shares, representing 0.01% of the Company's issued share capital.

As a result of the above issue of equity, application has been made for 59,589 new Ordinary Shares to be admitted to trading on AIM and ESM and it is expected that admission will take place on 8 November 2016. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares. Following this allotment, the total issued share capital of the Company will increase to 24,702,228 Ordinary Shares.

Enquiries

For further information please contact:

 
First Derivatives plc               +44(0)28 3025 2242 
 Brian Conlon, Chief Executive       www.firstderivatives.com 
 Officer 
 Graham Ferguson, Chief Financial 
 Officer 
 Ian Mitchell, Head of Investor 
 Relations 
 
Investec Bank plc (Nominated 
 Adviser and Broker) 
 Dominic Emery 
 Carlton Nelson 
 Sebastian Lawrence                 +44 (0)20 7597 4000 
 
Goodbody (ESM Adviser and 
 Broker) 
 Linda Hickey 
 Finbarr Griffin                    +353 1 667 0420 
 
FTI Consulting 
 Matt Dixon / Dwight Burden 
 / Antonia Gray                     +44 (0)20 3727 1000

About FD

FD is a global technology provider with 20 years of experience. The Group's Kx technology is used by some of the world's largest finance, technology and energy institutions. FD employs over 1,700 people worldwide and has operations in London, New York, Stockholm, Singapore, Hong Kong, Tokyo, Sydney, Palo Alto, Toronto, Philadelphia, Dublin, Belfast and its headquarters in Newry.

For further information, please visit www.firstderivatives.com

This information is provided by RNS

The company news service from the London Stock Exchange

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November 01, 2016 14:13 ET (18:13 GMT)