The Board of FD Technologies plc (LON:FDP) today confirmed that it is in advanced discussions with TA Associates Management, L.P., after having received a number of non-binding proposals in relation to a possible cash offer by funds managed by TA Associates for the entire issued and to be issued share capital of the company.
The most recent proposal was received from TA Associates on 24 March 2025 in relation to a possible cash offer of £24.50 per FD Technologies share. The Possible Offer includes an unlisted share alternative.
The Possible Offer is at a level which, should a firm offer be made on the same financial terms, the Board of FD Technologies would be minded to recommend such a firm offer to FD Technologies shareholders, subject to the agreement of other customary terms and conditions.
In accordance with Rule 2.6(a) of the Code, TA Associates is required, by not later than 5.00 p.m. on 4 June 2025, to either announce a firm intention to make an offer for the Company or announce that it does not intend to make an offer for the Company. This deadline can be extended.
In accordance with Rule 2.5(a) of the Code, TA Associates reserves the right to make an offer for FD Technologies at a lower value or on less favourable terms than the Possible Offer. TA Associates also reserves the right to introduce other forms of consideration and/or vary the form and/or mix of the consideration it would offer.
