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First Derivatives held their Annual General Meeting yesterday, 8 July, with a  proposed change of Group name to FD Technologies plc passed along with other resolutions.

The FD Technologies office at Marcus Square in Newry. Photograph: Columba O'Hare/
The FD Technologies office at Marcus Square in Newry. Photograph: Columba O'Hare/

The group founded by Newry man Brian Conlon now employs over 2500 people worldwide.

The Group is in the process of registering its change of name and it is anticipated that this process will complete on 9 July, with trading in the Company’s ordinary shares of 0.5 pence taking place under the new name FD Technologies plc from 12 July.

The Group’s tickers (AIM: FDP.L, Euronext Growth: FDP.I) and the Company’s ISIN (GB0031477770) and SEDOL (3147777) will remain the same, and existing share certificates will remain valid and will not be replaced.

The Board notes that resolution 2 (Directors’ Remuneration Report) was passed with the necessary majority but with less than 80% in favor. The Board will continue to engage with shareholders to understand and discuss their concerns with respect to this resolution and will provide an update in due course and within six months at the latest.

At the AGM Keith MacDonald, having served nine years as a Non-Executive Director, did not stand for re-election and consequently has retired from the Board with immediate effect. Non-Executive Director Thomas Seifert has been appointed to succeed Keith as Chair of the Audit Committee.

Donna Troy, Chairman, commented: “During his nine years on the Board, Keith has made an outstanding contribution to the development of the Group and his guidance has been invaluable. On behalf of the Board, I thank him for his dedication and service.”

The website address at which the information required pursuant to AIM Rule 26 is available will be changed to with effect from 9 July 2021. Until then, investors can continue to access this information on the Group’s existing website, WWW.FDTECHNOLOGIES.COM

A breakdown of the voting is also available at the Group website.

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