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Fidessa Group PLC (FDSA.L)

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Latest Key Developments (Source: Significant Developments)

UK CMA Considering If Ion's Acquisition Of Fidessa Will Result In Lessening Of Competition
Monday, 18 Jun 2018 09:00am EDT 

June 18 (Reuters) - UK CMA: :CONSIDERING WHETHER ACQUISITION BY ION INVESTMENT OF FIDESSA WILL RESULT IN SUBSTANTIAL LESSENING OF COMPETITION WITHIN ANY MARKET OR UK MARKETS.  Full Article

Temenos Says FCA and US anti-trust conditions satisfied for Fidessa deal
Tuesday, 10 Apr 2018 07:54am EDT 

April 10 (Reuters) - Temenos::FCA HAS NOW APPROVED ACQUISITION OF CONTROL BY TEMENOS OF FIDESSA ENTITIES AUTHORISED AND REGULATED BY FCA.FCA'S APPROVALOF FIDESSA DEAL WAS UNCONDITIONAL.RECEIVED NOTICE OF EARLY TERMINATION OF WAITING PERIOD FOR U.S. ANTITRUST REVIEW UNDER HART-SCOTT-RODINO ANTITRUST IMPROVEMENTS ACT OF 1976.  Full Article

‍SS&C Technologies confirms interest in Fidessa bid
Friday, 6 Apr 2018 02:21am EDT 

April 6 (Reuters) - Fidessa Group PLC ::‍SS&C CONFIRMS THAT IT HAS HAD PRELIMINARY DISCUSSIONS WITH FIDESSA REGARDING SS&C'S INTEREST IN FIDESSA​.‍NO TERMS OF ANY OFFER HAVE BEEN DISCUSSED.​.‍SHOULD AN OFFER BE MADE, IT IS LIKELY TO BE IN CASH​.  Full Article

Fidessa Says ‍Received Two Separate Approaches Each Considering Making Offer Premium To Temenos Offer
Tuesday, 3 Apr 2018 07:52am EDT 

April 3 (Reuters) - Fidessa Group Plc ::‍RECEIVED APPROACHES FROM 2 SEPARATE THIRD PARTIES EACH CONSIDERING MAKING OFFER FOR FIDESSA AT PREMIUM TO TEMENOS OFFER ANNOUNCED ON 21 FEB.‍UNDER TERMS OF ONE OF POSSIBLE OFFERS FIDESSA SHAREHOLDERS WOULD RECEIVE £38.297 FOR EACH SHARE £37.50 CASH CONSIDERATION, £0.797 DIVIDEND​.‍PARTY A POSSIBLE OFFER REPRESENTS A 5.0% PREMIUM TO TEMENOS OFFER​.‍DISCUSSIONS WITH THIRD PARTIES ONGOING, THERE CAN BE NO CERTAINTY FORMAL OFFER FROM EITHER WILL BE FORTHCOMING OR AS TO TERMS OF ANY OFFER​.‍BELIEVES IN FIDESSA SHAREHOLDERS' INTEREST TO ADJOURN SCHEME COURT MEETING, GENERAL MEETING CALLED FOR 5 APRIL 2018 TO APPROVE TEMENOS OFFER​.  Full Article

Activist Fund Elliott Trims Stake In Takeover Target Fidessa
Thursday, 22 Feb 2018 06:50am EST 

Feb 22 (Reuters) - REGULATORY FILING::ELLIOTT CAPITAL ADVISORS REDUCES STAKE IN TEMENOS <<>> TAKEOVER TARGET FIDESSA GROUP PLC <<>> TO 4.0967 PERCENT​‍​.  Full Article

‍Activist Investor Elliott Takes Stake In Temenos Target Fidessa​
Wednesday, 21 Feb 2018 03:17am EST 

Feb 21 (Reuters) - REGULATORY FILING::‍ELLIOTT CAPITAL ADVISORS DISCLOSES 4.8715 PCT STAKE IN TAKEOVER TARGET FIDESSA GROUP PLC <<>>​.  Full Article

Temenos: Recommended Acquisition Of Fidessa Group Plc
Wednesday, 21 Feb 2018 01:35am EST 

Feb 21 (Reuters) - TEMENOS GROUP AG ::RECOMMENDED ACQUISITION OF FIDESSA GROUP PLC (“FIDESSA”) BY TEMENOS GROUP AG (“TEMENOS”).‍FIDESSA SHAREHOLDERS WILL BE ENTITLED TO RECEIVE £35.67 IN CASH FOR EACH FIDESSA SHARE​.TRANSACTION EXPECTED TO COMPLETE IN FIRST HALF OF 2018.TEMENOS - FIDESSA SHAREHOLDERS TO RECEIVE AND RETAIN FINAL DIVIDEND AND SPECIAL DIVIDEND TOGETHER AMOUNTING TO 79.7 PENCE IN AGGREGATE PER FIDESSA SHARE.‍TEMENOS BOARD EXPECTS TRANSACTION TO GENERATE $60 MILLION PER ANNUM OF RUN-RATE PRE-TAX COST SYNERGIES​.ENLARGED GROUP EXPECTED TO HAV FOR YEAR ENDED DEC. 31, 2017, REVENUES IN EXCESS OF $1.2 BILLION AND EBITDA MARGIN OF 32.3%.TEMENOS - EXPECTS TRANSACTION, ON ADJUSTED EARNINGS PER SHARE BASIS, TO BE EARNINGS ACCRETIVE FOR TEMENOS IN 2018.ENTERED BRIDGE FACILITY AGREEMENT WHICH PROVIDES TERM LOAN FACILITIES IN AGGREGATE PRINCIPAL OF GBP 1.43 BILLION​.  Full Article

Fidessa Group Says Possible Offer By Temenos
Tuesday, 20 Feb 2018 02:01am EST 

Feb 20 (Reuters) - Fidessa Group Plc ::POSSIBLE OFFER FOR FIDESSA BY TEMENOS.POSSIBLE OFFER FOR FIDESSA BY TEMENOS.‍UNDER PROPOSED TERMS OF POSSIBLE OFFER, FIDESSA SHAREHOLDERS WOULD RECEIVE £35.67 IN CASH FOR EACH FIDESSA SHARE​.‍UNDER PROPOSED TERMS OF POSSIBLE OFFER, FIDESSA SHAREHOLDERS WOULD ALSO RECEIVE RIGHT TO RECEIVE FINAL AND SPECIAL DIVIDENDS.‍TOTAL VALUE OF POSSIBLE OFFER IS THEREFORE £36.467 PER FIDESSA SHARE​.‍TEMENOS RESERVES RIGHT TO VARY FORM AND/OR MIX OF CONSIDERATION​.‍TEMENOS IS REQUIRED, BY NOT LATER THAN 5.00 PM ON 20 MARCH 2018, TO ANNOUNCE A FIRM INTENTION TO MAKE AN OFFER FOR FIDESSA​.  Full Article

Fidessa Group PLC Says ‍Final And Special Dividends Totalling 79.7 Pence Proposed​
Monday, 19 Feb 2018 02:00am EST 

Feb 19 (Reuters) - Fidessa Group Plc ::FINAL DIVIDEND 29.7 PENCEPER SHARE.TOTAL DIVIDEND 95 PENCEPER SHARE.‍FINAL AND SPECIAL DIVIDENDS TOTALLING 79.7 PENCE PROPOSED​.‍PROFIT BEFORE TAX FOR 2017 INCREASED 2% TO £50.0 MILLION​.FY ‍REVENUE 353.9 MILLION EUROS VERSUS 331.9 M​LN EUROS.‍WE WILL ADOPT NEW IFRS15 ACCOUNTING STANDARD IN 2018 AND EXPECT IT WILL HAVE LESS THAN A 1% IMPACT ON REPORTED REVENUE FOR 2018​.‍EXPECT TO SEE SIMILAR LEVELS OF CONSTANT CURRENCY GROWTH IN 2018 TO THOSE SEEN DURING 2017​.‍AT CURRENT RATES OF EXCHANGE, FIDESSA EXPECTS A HEADWIND FOR 2018 AS A WHOLE​.  Full Article

Trading and investment services firm Fidessa to benefit from regulatory changes
Thursday, 26 Oct 2017 02:00am EDT 

Oct 26 (Reuters) - Fidessa Group Plc :FIDESSA - REMAINS UNCLEAR EXACTLY HOW CUSTOMERS WILL BE AFFECTED BY REGULATORY, STRUCTURAL, POLITICAL CHANGES, EXPECTS OPPORTUNITIES TO DEVELOP​.FIDESSA GROUP PLC - ‍"WELL POSITIONED TO BENEFIT FROM OPPORTUNITIES THAT WILL ARISE IN MARKETS AS A RESULT OF REGULATORY AND STRUCTURAL CHANGE​".FIDESSA - SEEMS CLEAR MIFID II WILL GO AHEAD AS PLANNED ALTHOUGH FIDESSA BELIEVES THAT THERE WILL BE SOME PHASING IN WAY IT IS IMPLEMENTED DURING 2018​.FIDESSA GROUP PLC - ‍"EXPECT THAT 2017 CONSTANT CURRENCY REVENUE GROWTH WILL BE AROUND LEVELS SEEN DURING 2016​".  Full Article

UK competition watchdog to examine Ion's takeover of Fidessa

Britain's Competition and Markets Authority said on Monday it would examine whether Ion Capital's proposed acquisition of financial systems firm Fidessa will stifle competition.