StatPro Group PLC – Director/PDMR – Interest in shares

               

26 June 2019

StatPro Group PLC

Director/PDMR – Interest in shares

StatPro Group plc, (AIM:SOG, “StatPro”, “the Company”), the AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, announces that following the approval by the shareholders at the Annual General meeting on 23 May 2019 of the Growth Share Plan and a recommendation of the Remuneration Committee of the Board, the following Growth Shares have been subscribed for on 25 June 2019 by members of the management team. The values per Growth Share have been determined by an independent valuation expert. 

The Growth Share Plan

The Growth Share Plan has been designed to attract and retain senior members of the Company and align their interests with those of the shareholders over a period of three to five years. The Growth Share Plan sits alongside the Company’s Performance Share Plan (“PSP”), and participants are given the choice to participate either in the Growth Share Plan or in the PSP. If a participant chooses to accept an award under the Growth Share Plan, he/she will not receive any further award either under the PSP or the Growth Share Plan in the following three years.

Awards under the Growth Share Plan are made by the issue to participants of a certain number of three new classes of shares, each having a hurdle to meet which corresponds to a predetermined price at which the Company’s ordinary shares would need to be traded for a period of 20 consecutive dealing days during a specified performance period (3 to 5 years from the date of the award).

The Growth Shares are not quoted on AIM or any other exchange. They do not have any voting rights or rights to receive dividends. On and following the reaching or exceeding of the hurdle within the performance period, the Growth Shares will be regarded as vested and inherently accrue value. Immediately following the end of the performance period, the vested Growth Shares will convert into ordinary shares on a ‘one for one’ basis, which will be admitted to trading on AIM.

The mid-market closing price of StatPro’s ordinary shares on the day prior to the date of the awards was 134.5p. Therefore, the hurdle prices for the Growth Shares are as follows:

 

Class of Growth Share Hurdle % Hurdle price (p) Performance period Subscription price per share (p)
A ordinary shares 70% 229 3 years 16.8
B ordinary shares 100% 269 4 years 12.5
C ordinary shares 130% 309 5 years 10.6

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

 

 

 

 

 

 

 

 

Name

 

 

 

 

 

 

 

 

 

Craig Arenhold
Gordon Bloor
Nico Coetzee
Andrew Fabian
Michel Lempicki
Clinton Moseley
Justin Wheatley
Marc Zandt

 

 

 

2

 

Reason for the notification

                                 Subscription of Growth Shares

a)

 

 

 

 

 

 

 

 

 

 

Position/status

 

 

 

 

 

 

 

 

 

 

Craig Arenhold PDMR
Gordon Bloor PDMR
Nico Coetzee PDMR
Andrew Fabian Director
Michel Lempicki PDMR
Clinton Moseley PDMR
Justin Wheatley Director
Marc Zandt PDMR
 
 
 
 
 
 
 
b)

 

 

 

Initial notification /Amendment

 

 

Initial

 

 

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

 

Name

 

 

StatPro Group PLC

 

 

b)

 

 

LEI

 

 

213800IQAQ19RDQT9I51

 

 

4

 

 

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

 

 

 

 

 

 

 

Description of the financial instrument, type of instrument

 

 

 

Identification code

 

A ordinary shares, B ordinary shares and C ordinary shares

 

 

 

 

 

 GB0006300213

 

 

b)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nature of the transaction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subscription of shares under Growth Share Plan.

If performance relevant hurdles are met, each Growth Share will be convertible into one StatPro Group plc ordinary share at the end of the relevant performance period for each class of shares.

    A shares B shares C shares Total
Craig Arenhold PDMR 46,667 46,667 46,666 140,000
Gordon Bloor PDMR 46,667 46,667 46,666 140,000
Nico Coetzee PDMR 33,333 33,333 33,334 100,000
Andrew Fabian Director 33,333 33,333 33,334 100,000
Michel Lempicki PDMR 33,333 33,333 33,334 100,000
Clinton Moseley PDMR 20,000 20,000 20,000 60,000
Justin Wheatley Director 100,000 100,000 100,000 300,000
Marc Zandt PDMR 46,667 46,667 46,666 140,000

 

c)

 

 

 

 

 

 

 

 

 

Price(s) and volume(s)

 

 

 

 

 

 

 

 

 

 

Share type Price(s) Volume(s)
A shares 16.8 360,000
B shares 12.5 360,000
C shares 10.6 360,000

 

 

 

 

d)

 

 

 

 

 

 

 

 

Aggregated information

 

– Aggregated volume

 

 

– Price

 

 

 

 

 

All shares 1,080,000

 

 

All shares 13.3

 

 

e)

 

 

Date of the transaction

 

 

25 June 2019

 

 

f)

 

 

Place of the transaction

 

 

N/A

 

 

The above notifications are made in accordance with the requirements of the EU Market Abuse Regulation.

 

Enquiries

StatPro Group plc    
Justin Wheatley, Chief Executive   +44 (0) 20 8410 9876  
Andrew Fabian, Finance Director        
       
Panmure Gordon – Nomad and Broker      
Corporate Finance – Freddy Crossley / Fabien Holler   +44 (0) 20 7886 2500  
Corporate Broking – James Stearns      
       
Instinctif Partners      
Adrian Duffield / Kay Larsen / Chantal Woolcock   +44 (0) 20 7457 2020  

 

About StatPro

StatPro Group (www.statpro.com) provides cloud-based portfolio analytics, asset data services and data management tools for the global asset management industry and asset management service providers.

The Group has 10 offices in Europe, North America, South Africa and Australia, servicing around 500 clients in 40 countries. It is organised into three divisions: Revolution, Source: StatPro and Infovest.

Revolution is a global provider of award-winning portfolio analytics solutions. The cloud-based platform offers vital analysis of portfolio performance, attribution, risk and compliance. Revolution helps clients reduce costs, improve client communication and control investment decisions.

Source: StatPro is a global market data business and provides Data-as-a-Service to Revolution to enable analytics. The division’s integrated and global data coverage includes millions of securities covering the full range of financial instruments and benchmarks.

Infovest, supplies data management solutions for the global asset management market, including data warehouse technology, ETL, compliance and reporting tools as well as portfolio management solutions.

StatPro Group plc shares are listed on AIM.

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