For immediate release
25 March 2011
STATPRO GROUP PLC
(“StatPro” or the “Group”)
StatPro Group plc (AIM:SOG), the AIM listed provider of portfolio analytics and data solutions for the global asset management industry, announces that it received notification on 24 March 2011 that, on the same day, the spouse of Mark Adorian, Non-Executive Director, purchased 200 ordinary shares of 1p each in the Company (“Ordinary Shares”) at 122 pence per share. On the same date the spouse of Mark Adorian sold on behalf of her SIPP 200 Ordinary Shares at 120 pence per share.
Following these transactions, Mr. Adorian’s total beneficial holding in the Company remains unchanged at 2,520,698 Ordinary Shares, representing approximately 4.2% of the Company’s issued Ordinary Share capital.
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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.