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The latest announcement is out from FD Technologies ( (GB:FDP) ).
FD Technologies announced the results of its Tender Offer, which was completed successfully, allowing the company to buy back 6,153,846 Ordinary Shares valued at approximately £120 million. This move is anticipated to streamline the company’s capital structure and enhance shareholder value, although it will not lead to a Special Dividend. The participation of major shareholder Mrs. Juliana Conlon in this offer constitutes a related party transaction, deemed fair and reasonable by the board. Post-tender, the total number of voting shares will be 22,084,855, impacting shareholder voting calculations under regulatory guidelines.
More about FD Technologies
FD Technologies PLC operates in the technology sector, offering a range of services and solutions designed to drive digital transformation and innovation for businesses. The company focuses on software development and consulting services, catering to a diverse market that seeks advanced technology solutions.
YTD Price Performance: -0.31%
Average Trading Volume: 42,551
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £547.3M
Find detailed analytics on FDP stock on TipRanks’ Stock Analysis page.
