For immediate release
30 November 2007
STATPRO GROUP PLC
(“StatPro” or the “Group”)
Issue of shares
StatPro announces that the Company has agreed to issue in aggregate 62,765 ordinary shares of 1p each in the Company (‘Ordinary Shares’) to members of the senior management team who are subscribing for the shares using proceeds of deferred consideration receivable by them in relation to the acquisitions of Kizen (Pty) Ltd. and StatPro Canada Inc. (formerly FRI Corporation), both completed in 2006. The share price of the Ordinary Shares will be 87.5 pence per share which is based upon the average closing offer price for the ten trading days up to and including 27 November 2007 and represents a premium of 4.2% to the closing mid-market price as at 29 November 2007.
Application has been made for the admission to AIM of the Ordinary Shares. The new Ordinary Shares will rank pari passu with the Company’s existing issued ordinary shares. Admission and dealings in the Ordinary Shares are expected to occur on 6 December 2007.
Following admission to trading on AIM of the New Ordinary Shares, the Company will have 53,097,834 ordinary shares in issue.
– Ends –
For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Andrew Fabian, Finance Director|
Arbuthnot Securities Limited
|Tom Griffiths/Alasdair Younie||020 7012 2000|
|Reg Hoare||020 7360 4900|