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FD Technologies plc announced that shareholders approved the sale of its First Derivative Business to EPAM Systems, Inc. at a General Meeting held on 24 October 2024. The resolution passed with 20,435,660 votes (100.00%) in favour and 128 votes (0.00%) against, out of 20,435,788 total votes cast. The Divestment is expected to complete in the fourth quarter of 2024.
| Date | 24 Oct 2024 |
| Time | 12:37:26 |
| Category | AGMs and other meetings |
| ID | 5082J |
24 October 2024
FD Technologies plc
("FD Technologies", the "Company" or the "Group")
Result of General Meeting
FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces that the Resolution put to Shareholders at the General Meeting of the Company held earlier today to approve the sale of the First Derivative Business to EPAM Systems, Inc. (the "Divestment") was duly passed. The Divestment remains subject to certain other conditions set out in the Company's announcement on 7 October 2024 and is expected to complete in the fourth quarter of 2024.
Voting was conducted by way of poll on the Resolution proposed at the General Meeting. The number of votes for and against the Resolution put before the General Meeting, as well as the number of votes withheld, were as follows:
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Resolution |
Votes for |
% |
Votes against |
% |
Withheld |
Total votes |
|
Approval of the Divestment |
20,435,660 |
100.00 |
128 |
0.00 |
0 |
20,435,788 |
For further information, please contact:
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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 |
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Investec Bank plc (Nominated Adviser and Broker) Carlton Nelson Virginia Bull |
+44 (0)20 7597 5970 |
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Goodbody (Euronext Growth Adviser and Broker) Tom Nicholson Don Harrington Jason Molins |
+353 1 667 0420 |
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J.P. Morgan Cazenove (Broker) James A. Kelly Mose Adigun Will Vanderspar |
+44 (0)20 3493 8000 |
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FTI Consulting Matt Dixon Dwight Burden Victoria Caton |
+44 (0)20 3727 1000
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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