8 October 2024
FD Technologies
plc
("FD Technologies" or the
"Company")
Publication of Circular and
Notice of General Meeting
FD Technologies (AIM: FDP.L,
Euronext Growth: FDP.I) announces that, further to the announcement
made on 7 October 2024 regarding the proposed divestment of the
First Derivative Business (the "Divestment"), the shareholder circular
(the "Circular") has now
been published to the Company's shareholders (the "Shareholders").
The Circular includes a Notice of
General Meeting (the "Notice") of the Company convening a
general meeting of the Shareholders to be held at the offices of
the Company, at the Conlon Building, 1-2A Marcus Square, Newry,
County Down BT34 1AY at 12.00 pm on 24 October 2024 (the
"General
Meeting").
The General Meeting will be held as
a physical meeting and Shareholders should refer to the
Notice for further information.
Whether or not Shareholders intend to attend the General Meeting,
Shareholders are encouraged to appoint a proxy to vote on the
ordinary resolution proposed in respect of the approval of the
Divestment and related matters (the "Resolution") as soon as possible in the
manner set out in the Circular.
Completion of the Divestment is
subject to passing of the Resolution and the satisfaction of the
other Conditions (as defined and further set out in the
Circular).
The
Board considers the Divestment to be in the best interests of the
Company and its Shareholders as a whole and accordingly the
Directors unanimously recommend that Shareholders vote in favour of
the Resolution to be proposed at the General
Meeting.
An updated expected timetable of
principal events, extracted from the Circular is set out
below.
The Circular is available on the
Company's website at
https://fdtechnologies.com/investor-relations/regulatory-listings/public-filings/.
Forms of proxy for use at the
General Meeting (the "Forms of
Proxy") will be enclosed with the Circular. Hard copies of
the Circular and forms of proxy are being posted to
Shareholders.
Expected timetable of
principal events
|
Event
|
Time and/or
date
|
|
Announcement of the
Divestment
|
7 October
2024
|
|
Publication of the Circular and
Notice of General Meeting
|
8 October
2024
|
|
Latest time and date for receipt of
Forms of Proxy, online voting instructions and CREST voting
instructions
|
12 p.m.
on 22 October 2024
|
|
Voting Record Time
|
6 p.m. on
22 October 2024
|
|
General Meeting
|
12 p.m. on
24 October 2024
|
|
Expected completion of the
Divestment subject to the Conditions being satisfied
|
Fourth
quarter of 2024
|
|
Long Stop Date for completion of the
Divestment
|
28
February 2025
|
|
Notes:
All references to time in this
document are to London time unless otherwise stated.
The expected completion date for the
Divestment is indicative only and based on the Company's
expectations and is subject to change. If the expected completion
date for the Divestment should change, the revised expected
completion date will be announced through a Regulatory Information
Service.
If the General Meeting is adjourned,
the Voting Record Time will be 6 p.m. on the day which is two
working days before the date of the adjourned General
Meeting.
|
For
further information, please contact:
|
FD
Technologies plc
Seamus Keating, Chief Executive
Officer
Ryan Preston, Chief Financial
Officer
Ian Mitchell, Head of Investor
Relations
|
+44(0)28 3025 2242
www.fdtechnologies.com
|
|
|
|
|
Rothschild & Co (Financial Adviser)
Anton Black
Warner Mandel
Mitul Manji
|
+44 (0)20 7280 5000
|
|
J.P.
Morgan Cazenove (Financial Adviser and Broker)
James A. Kelly
Mose Adigun
Will Vanderspar
|
+44 (0)20 3493 8000
|
|
|
|
|
Investec Bank plc
(Nominated Adviser and Broker)
Carlton Nelson
Virginia Bull
|
+44 (0)20 7597 5970
|
|
|
|
|
Goodbody (Euronext Growth Adviser and
Broker)
Tom Nicholson
Don Harrington
Jason Molins
|
+353 1 667 0420
|
|
|
|
|
FTI
Consulting
Matt Dixon
Dwight Burden
Victoria Caton
|
+44 (0)20 3727 1000
|
About FD Technologies
FD Technologies is a group of
data-driven businesses that unlock the value of insight, hindsight
and foresight to drive organisations forward. The group comprises
KX, which provides software to accelerate AI-driven innovation and
First Derivative, providing consulting services which drive digital
transformation in financial services and capital markets. FD
Technologies operates from 13 locations across Europe, North
America and Asia Pacific, and employs more than 2,400 people
worldwide.
For further information, please
visit www.fdtechnologies.com and www.kx.com
