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LONDON - FD Technologies PLC shareholders have voted in favor of the company’s acquisition by Kairos Bidco Limited, a newly formed company indirectly owned by entities forming part of TA Fund XV, the company announced Monday.
At meetings held today, 91.01% of scheme shares voted supported the acquisition, representing 77.05% of the total issued ordinary share capital entitled to vote. The special resolution at the general meeting also passed with 91.18% approval.
The acquisition, first announced on May 8, 2025, will be implemented through a scheme of arrangement under Part 26 of the Companies Act 2006.
The transaction remains subject to several conditions, including regulatory clearance under the UK National Security and Investment Act 2021 and court sanction of the scheme at the upcoming Court Sanction Hearing.
According to the expected timetable, the Alternative Offer Election Return Time is set for July 10, with the Court Sanction Hearing scheduled for July 17. The effective date of the scheme is anticipated to be July 21, followed by the cancellation of FD Technologies shares from AIM and Euronext (EPA:ENX) Growth Dublin on July 22.
The long stop date for the transaction is December 31, 2025, though this may be extended under certain conditions.
FD Technologies had 22,182,240 shares in issue at the voting record time, with no shares held in treasury.
The company said it will announce when the UK National Security and Investment Act condition has been satisfied and notify shareholders of any changes to the expected timetable.
This article is based on a press release statement from FD Technologies.
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