First Derivatives announces admission of 171,900 new ordinary shares on AIM and Euronext Growth
The admission is made pursuant to the application for the admission of 171,900 new ordinary shares of 0.5p each in the company on AIM and Euronext Growth announced on July 3, 2019.
First Derivatives plc (LON:FDP) today announces that pursuant to the application for the admission of 171,900 new ordinary shares of 0.5p each in the company on AIM and Euronext Growth announced on July 3, 2019, the admission is now effective. On July 3, 2019, the company allotted 171,900 new ordinary shares of 0.5p each pursuant to the exercise of share options by certain employees.
Following the admission, the total issued share capital of First Derivatives is now 26,524,936 Ordinary Shares.
Last week, Brian Conlon, Chief Executive Officer of First Derivatives sold 1.4 million shares at a price of 3,060 pence per share. The shares were all sold to certain existing and new institutional investors.
In addition, the Group has been notified that Virginia Gambale, Non-Executive Director, has sold 7,163 shares at a price of 3,060 pence per share and that subsequent to the announcement from July 3, 2019, that certain employees have exercised share options, these employees have also sold 0.2 million shares also at a price of 3,060 pence per share.
The placing, together with the shares sold by Ms Gambale and the employees are expected to settle on a T+4 basis, today, July 9, 2019 subsequent to the admission of the option shares exercised by the employees.
Following the placing, Mr Conlon will hold approximately 24.5% of the voting rights of First Derivatives.
