Friday, January 28, 2022

The blue prism bosses were aiming to make a profit of £ 170 million when they were bought

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Blue Prizma bosses plan to raise £ 170m against shareholders’ acquisition of the British technology star.


The founders and executives of British technology star Blue Prism are set to raise nearly £ 170 million after a share-buying deal.

Jaguar Land Rover, one of the largest companies in the small London market and a pioneering artificial intelligence (AI) group, provides automation technology to businesses such as NHS, eBay, HSBC and Barclays.

It is being bought by the American SS&C group for £ 1.24 billion.

Jason Kingdon (pictured), CEO and chairman of Blue Prism, is ready to make a profit of £ 75 million if it is sold to the American SS&C group for £ 1.24 billion.

At yesterday’s shareholders ’meeting, more than 98 percent voted in favor of the deal, which is 1,275 p per share.

However, the firm’s experience in artificial intelligence means that acquisitions will be scrutinized under the new National Security and Investment Act, which gives ministers more power to intervene in the foreign trade of strategically important firms.

This can add monthly delays and even mean the deal is blocked.

If it passes, Blue Prism owner and board chairman Jason Kingdon is in line to receive £ 75m, while co-founders Alastair Bathgate and David Moss will receive £ 59m and £ 18m respectively.

Another leader, Terry Wolby, will earn £ 17 million.

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