The FD Technologies Plc (Lon: FDP) has today provided an update on the recommended acquisition by Kairos Bidco, a recently designed company that is indirectly owned by entities that are part of the Ta Fund XV.
On May 8, 2025, the Boards of FD Technologies and Bidco announced that they had reached an agreement with the terms and conditions of a recommended acquisition according to which Bidco will acquire the entire version and issue the usual FD Technologies chapter. It is intended that the acquisition will be made through a regulation system under Part 26 of the 2006 companies’ law.
FD Technologies announces that, at the court meeting and the General Assembly held today in relation to the acquisition:
- The required majority of the shareholders of the project voted in favor of the regime at the court meeting. and
- The required majority of FD Technologies shareholders voted to pass the Special Resolution to the General Assembly to implement the plan, inter alia, amending the FD Technologies article.
The acquisition remains subject to the satisfaction or (if it is able to resign) the remaining conditions set out in the project document, including receipt of regulatory clearance under the United Kingdom’s National Security and Investment Act, Companies to register.
The cash supply is worth the whole version and to be issued, the usual share capital of FD Technologies in about 570 million pounds.