For immediate release
5 April 2011
STATPRO GROUP PLC
(“StatPro” or the “Group”)
StatPro was informed yesterday that on 1 April 2011 Andrew Fabian, Finance Director, transferred by way of gift, for nil consideration, 17,500 ordinary shares of 1p each in the Company (“Ordinary Shares”) to his wife. The Company was also informed today that on 5 April 2011 the SIPP of Andrew Fabian purchased 35,000 Ordinary Shares at 117.6p per share. In addition, on the same date, Andrew Fabian sold 17,500 Ordinary Shares at 117.5p per share from his own holdings and also his wife sold 17,500 Ordinary Shares at 117.5p per share from her holdings resulting in no beneficial change to his overall holdings.
Following these transactions Andrew Fabian remains interested in 207,795 Ordinary Shares representing approximately 0.34% of the Company’s issued Ordinary Share capital and options over 182,000 Ordinary Shares.
– Ends –
For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Andrew Fabian, Finance Director|
|Ken Fleming (NOMAD)||0131 220 6939|
|Jon Fitzpatrick (NOMAD)||0207 397 8900|
|Julian Morse (Broker)||020 7397 1931|
|Caroline Evans-Jones/ Tom Moriarty/ Hilary Millar||020 7653 9850|
StatPro is a leading provider of portfolio analytics and data solutions for the global asset management industry. The Company sells a SaaS-based Analytics and Data platform on a rental basis to investment management companies allowing them to analyse portfolio performance, attribution, risk and GIPS® compliance. StatPro also provides market data and valuation feeds including a Complex Asset Pricing service.
StatPro has grown its recurring revenue from less than £1 million in 1999 to £29 million at end December 2010 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 79% of recurring revenues being generated outside the UK.