Issue of Equity

RNS Number : 6206E

First Derivatives PLC

30 September 2008

 

30 September 2008

First Derivatives plc 

(AIM:FDP.L, IEX:GYQ.I)

Completion of Acquisition of Market Resource Partners

The Board of First Derivatives plc ('First Derivatives' or the 'Company') announced on the 15 September 2008 that it had acquired Market Resource Partners LLC ('MRP'), a US based technology marketing company headquartered in Philadelphia, PA, for a total consideration of up to $20 million (£11.3m) (the 'Acquisition').  The Board is pleased to confirm that the deal has now been completed and that it has issued 436,644 First Derivatives new ordinary shares (the 'Consideration Shares') as part payment of the initial consideration.

The Consideration Shares will rank pari passu with the Company's existing ordinary shares. Application has been made for the Consideration Shares to be admitted to trading on AIM and IEX and dealings will commence on 3 October 2008.  Following Admission the enlarged issued share capital of the Company will be 13,720,468 Ordinary Shares.

Contact:

First Derivatives plc Brian Conlon Michael O'Neill	Tel: [phone]
Charles Stanley Securities Nominated Adviser Russell Cook/Carl Holmes	Tel: [phone]
Goodbody Corporate Finance  IEX Adviser Finbarr Griffin/ Diane Hodgson	Tel: [phone]

 

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