FD Technologies plc (AIM:FDP) announced an update to its structure review announced by the Board in October 2023, which considered the optimal organisational structure and allocation of capital to best deliver value for shareholders. The Board has been considering the appropriate structure of the Group for more than a year, taking independent advice throughout. In October 2023 a formal review of the options to maximise value was announced, which included extensive consultation with shareholders and input from advisers.

Following that process, the Board has unanimously concluded that the separation of its three businesses is in the best interest of all shareholders. As a first step towards this goal the Group announced that it has agreed to an all-share merger of its MRP business with CONTENTgine, a provider of B2B technology buyer insights and lead generation. Further details of this transaction are provided below.

The Board will take a measured approach to the separation of KX and First Derivative, particularly with respect to the timing of any transaction, having regard to market conditions to ensure that a divestment of First Derivative reflects its value. The Company looks forward to engaging closely with its investors as the process progresses. The changes announced represent a major transformation of FD Technologies and reflect the determination of the management and Board to realise value for all stakeholders from a unique portfolio of businesses with different capital needs and future opportunities.

As we progress this plan, we will review the appropriate Board composition and update the market in due course.