First Derivatives plc (LON:FDP), an expert in the area of investment and derivatives technology, today announced the issue and allotment of 78,532 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 filed an application for the new shares to be admitted to trading on AIM and ESM. The admission is poised to take place on July 13, 2015.
Following the allotment, the total issued share capital of the Company will total 23,322,683 ordinary shares.
First Derivatives recently reported a set of solid financial metrics for the year to February 28, 2015, marking an end to a year rich in acquisitions and strategic moves. Revenues rose 19% to £83.2 million, whereas pre-tax profits surged 120% to £17.5 million.
To view the official announcement, click here.