5 April 2016
StatPro Group plc
StatPro Group plc, (“StatPro”, “the Group”, AIM: SOG), the AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, has been notified by Stuart Clark, the Senior Independent Director and Chairman of the Remuneration Committee, that he has decided not to seek re-election at the forthcoming Annual General Meeting on 19 May 2016. As such, Stuart will cease to be a Director from after the AGM.
Jane Tozer will assume the role of Senior Independent Director from 19 May 2016.
Carl Bacon, non-executive Chairman, commented:
“For nearly seven years Stuart has made a valuable contribution to the Group’s strategy as we have transitioned to a cloud-based business.
“On behalf of the Board, I would like to thank him for his support, wise words and insightful contribution and wish him all the best for the future.”
|StatPro Group plc|
|Carl Bacon, non-executive Chairman||020 8410 9876|
|Corporate Finance – Freddy Crossley / Fred Walsh||020 7886 2500|
|Corporate Broking – Tom Salvesen||020 7886 2500|
|Adrian Duffield / Lauren Foster||020 7457 2020|
StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group’s cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro’s clients increase assets under management, improve client service, meet tough regulations and reduce costs.
The Group’s integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the licence free Freedom Index.
StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £32 million today (including Investor Analytics and InfoVest acquisitions in 2016 on a pro forma basis). The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 38 countries around the world. Approximately 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.