Source - LSE Regulatory
RNS Number : 9579P
First Derivatives PLC
23 February 2021

23 February 2021


First Derivatives plc

("FD" or the "Group")


Partial sale of Quantile Technologies holding


FD (AIM: FDP.L, Euronext Growth: FDP.I) announces that it has agreed to sell part of its investment in Quantile Technologies ("Quantile") to Spectrum Equity, a growth equity firm. Under the transaction FD will dispose of the majority of its holding in Quantile for cash consideration of £11m, representing a total gain of £10m on the initial cost of the investment (£7m gain on the current carrying value). Following this transaction FD will retain a minority stake in Quantile.


The investment occurred as part of FD's strategy of assisting companies that were adopting KX in new and innovative ways. Quantile utilises KX as the technology that underpins its highly successful advanced compression and risk rebalancing services and remains a valuable customer of the Group. The investment in Quantile represented FD's largest investment of this type, accounting for £10m of a total of £16m of other financial assets on the Group's consolidated balance sheet as at 28 February 2020. In the year to December 2019, Quantile reported net profit of £0.7m, although its performance was not consolidated as FD's holding was below 20%.


The consideration has been received and the proceeds will be used for general working capital purposes.




For further information please contact:


First Derivatives plc

Seamus Keating, Chief Executive Officer

Ryan Preston, Chief Financial Officer

Ian Mitchell, Head of Investor Relations

+44 (0)28 3025 2242



Investec Bank plc (Nominated Adviser and Broker)

Andrew Pinder

Carlton Nelson

Sebastian Lawrence

+44 (0)20 7597 5970



Goodbody (Euronext Growth Adviser and Broker)

David Kearney

Don Harrington

Finbarr Griffin


+353 1 667 0420




FTI Consulting

Matt Dixon

Dwight Burden

Darius Alexander


+44 (0)20 3727 1000



About FD

FD is a global technology provider with more than 20 years of experience working with some of the world's largest finance, technology, automotive, manufacturing and energy institutions. The Group's KX technology, incorporating the kdb+ time-series database, is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. KX delivers the best possible performance and flexibility for high-volume, data-intensive analytics and applications across multiple industries. FD operates from 15 offices across Europe, North America and Asia Pacific, including its headquarters in Newry, and employs more than 2,400 people worldwide.


For further information, please visit and

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.