RNS Number : 1668M
FD Technologies PLC
14 November 2024
 

Shape Description automatically generated with medium confidence

 

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:

 

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



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

 


J.P. Morgan Cazenove (Broker)

James A. Kelly

Mose Adigun

Will Vanderspar

+44 (0)20 3493 8000

 


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

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