For immediate release
3 April 2012
STATPRO GROUP PLC
(“StatPro” or the “Group”)
Issue of shares
The Company was informed on 3 April 2012 that on the same day Charles Fairbairn, Non-executive Director, purchased 35,000 shares into his SIPP account at 95.125p per Ordinary Share and his spouse sold a holding of 35,000 shares at 95p per Ordinary Share resulting in no change to his overall beneficial holdings.
Following this transaction Charles Fairbairn is interested in 779,834 Ordinary Shares representing approximately 1.27% of the Company’s issued Ordinary Share capital.
Issue of Shares
The Company also announces that application has been made for the admission to AIM of 40,000 new Ordinary Shares of 1p each in the Company (‘Ordinary Shares’) following the exercise of share options at an exercise price of 60p per share under the Company’s Approved share option scheme.
The new Ordinary Shares rank pari passu with the Company’s existing issued Ordinary Shares, and dealings are expected to commence on 11 April 2012.
Following Admission, the Company’s enlarged issued share capital will comprise 61,368,704 Ordinary Shares with voting rights and the Company holds 225,000 shares in treasury. This figure of 61,368,704 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA’s Disclosure and Transparency Rules.
– Ends –
For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Andrew Fabian, Finance Director|
|Stephen Keys||020 7397 8926|
|Adrian Hargrave||020 7379 8922|
|Julian Morse (Sales)||020 7397 1931|
|Caroline Evans-Jones/ Hilary Millar||020 7653 9850|
StatPro is a global provider of portfolio analytics for the investment community. Our cloud based services provide vital analysis of portfolio performance, attribution and risk for hundreds of fund managers, RIAs, CEOs, heads of risk, sales directors, marketing managers and authorised corporate directors. They are now using our cloud services and software products to perform sophisticated analysis, reporting and distribution every day.
With 18 years of experience and expertise, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes global equities, global bonds, global mutual funds, most families of benchmarks, FX rates, sector classifications and much else besides.
StatPro has operations in Europe, North America, South Africa, Asia and Australia and more than 300 clients in 25 countries around the world.
StatPro has grown its recurring revenue from less than £1 million in 1999 to £29 million at end December 2011 and currently enjoys a renewal rate of approximately 92%. StatPro floated on the London Stock Exchange in May 2000 and transferred its listing in June 2003 to AIM. The Company has operations in Europe, North America, South Africa and Australia, with approximately 80% of recurring revenues being generated outside the UK.