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LONDON - FD Technologies PLC is expected to be acquired by Kairos Bidco Limited, a company indirectly owned by entities forming part of TA Fund XV, on July 21, 2025, according to an updated timetable released Thursday.
The acquisition, first announced on May 8, will be implemented through a scheme of arrangement under the Companies Act 2006. The Court Meeting and General Meeting regarding the scheme are scheduled for June 30.
The transaction remains subject to several conditions, including approval by a majority of FD Technologies shareholders at the Court Meeting, representing at least 75 percent in value of scheme shares. Additionally, a special resolution must be approved by shareholders representing at least 75 percent of votes cast at the General Meeting.
A key condition involving the UK National Security and Investment Act 2021 is expected to be satisfied in early July. The Court Sanction Hearing is scheduled for July 17, with the scheme becoming effective on July 21.
Following the acquisition, FD Technologies shares are expected to be suspended from trading on AIM and Euronext (EPA:ENX) Growth Dublin by 7:30 a.m. on July 21, with cancellation of listings by 7:00 a.m. the following day.
Shareholders electing for the alternative offer must submit their choice by 1:00 p.m. on July 10. Cash consideration payments and share certificates for rollover shares are expected to be distributed by August 4.
The longstop date for completing the transaction is December 31, 2025, though this may be extended under certain circumstances.
The information in this article is based on a press release statement from FD Technologies.
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