First Derivatives issues 176,666 ordinary shares

First Derivatives plc (LON:FDP), an expert in investment and derivatives technology, today announced the issue and allotment of 176,666 new ordinary shares of 0.5p each in the company. The issue comes after the exercise of share options by certain employees.

The company has already applied for the New Ordinary Shares to be admitted to trading on AIM and ESM and expects that the admission will take place on August 6, 2015. The New Ordinary Shares will rank pari passu with the existing shares of the company.

After this allotment, the total issued share capital of First Derivatives will increase to 23,499,349 ordinary shares.

The latest share issue comes after earlier this month First Derivatives announced the issue and allotment of 78,532 shares, also pursuant to the exercise of share options by certain employees.

To view the official filing on the latest equity issue with the LSE, click here.

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First Derivatives issues 176,666 ordinary shares


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