First Derivatives PLC Acquisition of minority interest in Kx Systems (5380C)
June 18 2019 - 1:00AM
UK Regulatory
TIDMFDP
RNS Number : 5380C
First Derivatives PLC
18 June 2019
18 June 2019
First Derivatives plc
("FD" or the "Group")
Completion of acquisition of minority interest in Kx Systems
FD (AIM: FDP.L, Euronext Growth: FDP.I) announces it has
completed the acquisition of the minority shareholdings in Kx
Systems, in line with the terms announced on 2 July 2018.
Completion of the transaction takes the Group's ownership of Kx
Systems to 100% for consideration of $53.8m in cash, which has been
paid from FD's available facilities.
Brian Conlon, Chief Executive Officer of FD, said: "Since we
acquired a controlling stake in Kx Systems in October 2014 we have
invested heavily to deliver the performance advantages of our
combined solutions, branded as Kx technology, to a range of
end-markets. We are making exciting progress as we demonstrate our
ability to transform our customers' operational performance by
unlocking the value in their data. Full ownership of Kx Systems is
an important milestone as we continue to commercialise our
technology."
Enquiries
For further information please contact:
First Derivatives plc +44(0)28 3025 2242
Brian Conlon, 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 +44 (0)20 7597
Sebastian Lawrence 5970
Goodbody (Euronext Growth Adviser and Broker)
David Kearney
Finbarr Griffin +353 1 667 0420
FTI Consulting
Matt Dixon
Dwight Burden
Darius Alexander +44 (0)20 3727
Niamh Fogarty 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, retail, pharma, 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
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END
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