Trading Update

RNS Number : 4114I

First Derivatives PLC

11 March 2010

 



11 March 2010

Embargoed until 07:00

First Derivatives plc

("First Derivatives" or "the Company")

Trading Update

First Derivatives (AIM:FDP.L, IEX:GYQ.I), a global technology and service provider to the capital markets industry, is pleased to announce that it expects to be able to report pre-tax profits for the year ended 28 February 2010 in line with market expectations.

The Board has considered the prospect for recommending payment of a final dividend at the time of the year end results. However, in view of the Government's tax increases from April 2010, the Board has approved payment of a second interim dividend of 4.0p per ordinary share on 31 March 2010 to holders on the register on 26 March 2010.

The Company anticipates that it will be reporting its Final Results for the twelve months ended 28 February 2010 on Monday 24 May 2010.

Enquiries:

First Derivatives plc,	Tel.       [phone]
Brian Conlon, Managing Director	Web.     www.firstderivatives.com
Graham Ferguson, Finance Director
Charles Stanley Securities,	Tel.       [phone]
Nominated Advisor
Russell Cook
Carl Holmes
Goodbody Stockbrokers,	Tel.       [phone]
IEX Advisor
Diane Hodgson
Linda Hickey
Finbarr Griffin
ICIS Limited,	Tel.       [phone]
Financial PR
Bob Huxford
Tom Moriarty

About First Derivatives

Founded in 1996, First Derivatives is a specialist provider of software and consulting services to the capital markets technology sector. The Company's Delta product suite includes enterprise risk, algorithmic/program trading and data management solutions which deliver true real-time performance.

First Derivatives currently employs over 400 people worldwide and counts many of the world's top investment banks and hedge funds as its customers. It has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto and Hong Kong.

 

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