AGM Statement

RNS Number : 9044W
First Derivatives PLC
17 June 2008
 



17 June 2008

First Derivatives plc 

('First Derivatives' or the 'Company')


AGM Statement


At today's AGM David Anderson, First Derivative's Chairman, made the following statement:


'Following the excellent year of progress achieved in 2007/08, as previously reported the pipeline of business from new and existing customers remains strong. We continue to recruit further highly qualified staff to meet client demand. We are also continuing to invest in the further development of our own suite of software products which have been well received since the launch last year.  


We also continue to explore acquisition and investment opportunities to broaden our range of software products and services.  We have recently acquired a further 2.2 per cent shareholding in Kx Systems increasing our holding to 5.1 per cent, demonstrating the close and important relationship between the two companies.


Despite the uncertain conditions in the global financial markets, the Company continues to achieve strong growth in all markets. Whilst it is too early to predict with certainty the out turn for the current year, we anticipate that we shall report good progress for the first six months when we announce our interim results in October.


All resolutions considered at the meeting were passed.


For further information:

First Derivatives plc

Brian Conlon


Tel: +44 (0)28 3025 2242

Charles Stanley Securities

Russell Cook/Carl Holmes


Tel: +44 (0)20 7149 6000

Goodbody Corporate Finance 

Diane Hodgson/Linda Hickey


Tel: +353 1 667 0420

Stakeholder Communications 

Carl Whyte 

Lisa Nugent

  

   Tel: +44 (0)28 9033 9949

  Tel: +44 (0)20 7903 5148 



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