|
back
to main menu
FFastFill plc - 5th March, 2007
FFastFill PLC
End of talks announcement and trading update
FFastFill plc (“FFastFill” or the “Company”), announced on 4 January 2007 that it had received an approach which may or may not lead to an offer being made for the Company. FFastFill has now terminated these discussions.
FFastFill is continuing to engage with and sign up new customers, such as the contract with Natexis Commodity Markets which was announced on 27 February 2007 . As a result, the Board is confident that the Company's results for the year ended 31 March 2007 will be broadly in line with expectations.
The Company's order book continues to grow as a result of which the Board remains optimistic about FFastFill's prospects as an independent company.
Keith Todd , Chairman and Chief Executive commented:
“Whilst this unsolicited approach was an encouraging endorsement of our strategy and our overall application service provision, it failed to recognise the Company's value. As a board, we are unanimous in our belief that FFastFill has a bright future and that we will over the coming years deliver significant shareholder value”.
About FFastFill
FFastFill is the leading provider of application services to the global derivatives community. FFastFill's services and solutions use the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices. FFastFill's solutions encompass electronic order routing, clearing, risk management and back office reporting as part of an integrated, yet modular system architecture. FFastFill's application services provide institutions with cost savings in their administrative and IT departments and significantly reduce or eliminate the investment costs associated with maintaining their own technology infrastructure. All of FFastFill's services are delivered against a contracted Service Level Agreement (SLA), which can be tailored to an institution's business requirements. This quality of delivered service has been enabled through the deployment of a uniquely engineered and totally managed software and technology infrastructure.
For further information, please contact:
FFastFill plc
Keith Todd , Executive Chairman 0207 665 8900
KBC Peel Hunt
Oliver Scott 0207 418 8900
back to main menu
|