StatPro Group PLC – AGM Statement

For immediate release
18 May 2005


(“StatPro” or the “Group”)

AGM Statement and Trading Update

At its Annual General Meeting to be held later today, Carl Bacon, Chairman of StatPro Group plc, a leading AIM listed provider of portfolio analytics solutions for the global asset management industry, will make the following remarks on the Group’s continued progress:


  • Trading for the first four months of the current financial year has started satisfactorily and revenue is currently 18% ahead of the comparable period for 2004
  • The annualised value of new licences signed in the first four months is significantly ahead of the level achieved in the comparative period last year and the pipeline remains encouraging
  • We now have 19 signed contracts for our StatPro Risk Management solution, up from 15 at the start of the year

‘During the first four months of 2005 we have achieved a marked improvement in the level of new business and the sales outlook continues to be encouraging. Our European markets remain the strongest source of new business with approximately 60% by value of new contracts from this region. New business has also been achieved in other markets albeit in the UK and the US the conversion of prospects to signed contracts remains slow.”As indicated at the time of the Group’s preliminary results in February, the Board anticipates another year of strong operating cash generation, and is thus considering the payment of a maiden dividend for the current financial year. A resolution to reduce the share premium account is being proposed at this Annual General Meeting, and if approved, it is our intention to apply to the Court to reduce the Company’s share premium account and eliminate the deficit on the profit and loss account so as to enable the payment of dividends in the future.”As announced on 29 April 2005, the Company has made proposals to holders of unlisted warrants with the intention of simplifying the Company’s capital structure. The results of those proposals, which close at 3 p.m. today, will be announced at the AGM this evening and released to the market overnight.’

– Ends –

For further information, please contact:

StatPro Group plc

Justin Wheatley, Chief Executive 020 8410 9876
Andrew Fabian, Finance Director

Corporate Synergy Plc

Justin Lewis 020 7448 4400


Reg Hoare/Sara Musgrave 020 7360 4900

Notes to Editors

StatPro Group plc is a leading provider of portfolio analytics solutions for the global asset management industry. StatPro floated on the London Stock Exchange in May 2000 and transferred its listing in June 2003 to AIM. StatPro has grown its revenue from continuing operations from £1.8 million in 1999 to £9.1 million in 2004.

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