Blue Prism bosses set for £170m windfall as British tech star’s takeover is waved through by shareholders
The founders and executives of British tech star Blue Prism are in line to scoop nearly £170millio after a takeover deal was waved through by shareholders.
The firm, which is one of the biggest on London’s junior market and a pioneering artificial intelligence (AI) group, provides automation technology to businesses including Jaguar Land Rover, the NHS, eBay, HSBC and Barclays.
It is being bought by American group SS&C for £1.24billion.
Blue Prism’s chief exec and chairman Jason Kingdon (pictured) is in line for a £75m windfall if the £1.24bn sale to American group SS&C goes through
At a shareholder meeting yesterday, over 98 per cent voted in favour of the deal, which is priced at 1275p per share.
However, the firm’s AI expertise means the takeover will be scrutinised under the new National Security and Investment Act, which gives ministers more power to intervene in the foreign sale of strategically important firms.
It could add months of delays and even mean the deal is blocked.
If it goes through, Blue Prism’s boss and chairman Jason Kingdon is in line for a £75million windfall, while co-founders Alastair Bathgate and David Moss will make £59million and £18million respectively.
Another executive, Terry Walby, will make £17million.