The Board of Directors of the FD Technologies PLC (LON: FDP) today confirmed that it is in advanced discussions with TA Associates Management, LP, after receiving a series of non -binding proposals in relation to possible cash supply from the funds managed by the TA Associates for all versions of the company.
The latest proposal was received by TA Associates on March 24, 2025 compared to a possible cash offer of £ 24.50 per FD technologies share. Possible offer includes an unmistakable alternative.
The possible bid is at the level which, if the FD Technologies Board of Directors should be made of a steady bid on the same financial terms, would have the mind to recommend such a stable offer to FD Technologies shareholders, without prejudice to the agreement of other common terms and conditions.
According to Rule 2.6 (a) of the Code, Article 2.6 (A) is required, from 5.00 pm On June 4, 2025, either announces a steady intention to submit a bid for the company or to announce that it does not intend to submit a bid for the company. This deadline may be expanded.
According to Rule 2.5 (a) of the Code, TA Associates reserves the right to submit a bid for FD technologies at a lower price or in less favorable terms than possible offer. Ta Associates also reserves the right to introduce other forms of examination and/or to alter the form and/or mixture of the assessment it offers.