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FD Technologies plc announced on 14 November 2024 that all conditions precedent for the sale of its First Derivative Business have been satisfied. The divestment to EPAM Systems, Inc. is expected to complete on or around 2 December 2024.
| Date | 14 Nov 2024 |
| Time | 07:00:07 |
| Category | Disposals |
| ID | 1668M |
14 November 2024
FD Technologies plc
("FD Technologies" or the "Group")
Proposed Divestment of the First Derivative Business - Satisfaction of Conditions
FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) is pleased to announce that all conditions precedent to completion of the sale of the First Derivative Business to EPAM Systems, Inc. (the "Divestment"), as further described in the announcement in respect of the Divestment dated 7 October 2024, have been satisfied. The Divestment is expected to complete on or around 2 December 2024.
For further information, please contact:
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FD Technologies plc Seamus Keating, Chief Executive Officer Ryan Preston, Chief Financial Officer Derek Brown, 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