REG - First Derivatives - Notice of Results and Trading Update <Origin Href="QuoteRef">FRST.L</Origin> <Origin Href="QuoteRef">LOK.L</Origin>

Lok'n StoreAnnouncement

19/10/2015 07:00

RNS Number : 5936C
First Derivatives PLC
19 October 2015
First Derivatives plc
("FD" or the "Group")
Notice of Results and Trading Update
FD (AIM: FDP.L, ESM: FDP.I), a leading provider of software and consulting services, announces trading in the first half of its financial year has been strong, with both revenue and EBITDA significantly ahead of the prior year. As a result, the Group's full year performance is expected to be in line with current market forecasts. Interim results will be published on 11 November 2015.
In addition the Group also announces that it has received $6.5m (4.2m) net of tax in respect of a shareholding in 1010data, following that company's recent acquisition by Advance/Newhouse. The Group's shareholding arose from a license agreement for kdb which is used in 1010data's software platform which serves customers in retail, manufacturing, telecoms and financial services. It was acquired by Advance/Newhouse, an affiliate of U.S media company Advance Publications, in August 2015 for $500m. The proceeds affect the fair value of the acquisition of Kx within the balance sheet.
Brian Conlon, Chief Executive Officer of FD, commented: "Following the acquisition of Kx Systems in October 2014 the Group has continued to work towards maximising the opportunities this transformational deal has provided. As well as strengthening our position within capital markets we are making good progress in new markets and 1010data's use of kdb highlights the potential in sectors such as manufacturing and telecoms. We remain focused on delivering strong, profitable growth while investing in FD's future."
Enquiries
For further information please contact:
First Derivatives plc
Brian Conlon, Chief Executive Officer
Graham Ferguson, Finance Director
Ian Mitchell, Head of Investor Relations
+44(0)28 3025 2242
www.firstderivatives.com
Investec Bank plc
(Nominated Adviser and Broker)
Dominic Emery
Carlton Nelson
Sebastian Lawrence
+44 (0)20 7597 4000
Goodbody (ESM Adviser and Broker)
Linda Hickey
Finbarr Griffin
+353 1 667 0420
Walbrook PR
Paul Cornelius / Nick Rome / Helen Cresswell / Sam Allen
+44 (0)20 7933 8780
About FD
FD is a global technology provider with nearly 20 years of experience of working with some of the world's largest finance, technology and energy institutions. FD is the developer of the world-leading database technology kdb. FD employs over 1,400 people worldwide and has operations in London, New York, Stockholm, Singapore, Hong Kong, Tokyo, Sydney, Palo Alto, Toronto, Philadelphia, Belfast and its headquarters in Newry.
For further information, please visit www.firstderivatives.com

This information is provided by RNS
The company news service from the London Stock Exchange
  END
MSCFFIFMMFISESS