StatPro Group PLC – Director/PDMR Shareholding

For immediate release
19 March 2010


(“StatPro” or the “Group”)

Directors’ shareholdings
Net settlement of Share Options

Grant of options

StatPro Group plc, the AIM listed provider of portfolio analytics solutions for the global asset management industry, today announces the grant of share options over a total of 705,000 ordinary shares of 1p each to directors and senior employees in the Group.

The options are exercisable at 135p per share being a premium of 9% over the closing mid-market share price of 123.5p per ordinary share on 17 March 2010. Exercise of the options is conditional upon the satisfaction of performance conditions.  The options will not be exercisable unless the share price equals or exceeds 150 pence per share for a period of at least twenty consecutive trading days and specified targets of growth in earnings per share are met.  The share options are exercisable at any time between 18 March 2013 and 18 March 2017 being a period of between three years and seven years from the date of grant, subject to the satisfaction of the performance conditions.

The grants of options include grants to StatPro’s executive directors over the following numbers of shares:

  • Justin Wheatley, Chief Executive          45,000
  • Andrew Fabian, Finance Director          35,000

Following this allocation Justin Wheatley is interested in 7,109,367 ordinary shares representing approximately 11.71% of the Company’s issued ordinary share capital and options over 1,135,000 ordinary shares. Andrew Fabian is 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.

Net settlement of Share Options

Following the receipt by the Company of applications relating to the exercise of options over 223,730 shares at exercise prices of between 60p and 87p under Company share option schemes, the Company has opted to net settle by cash settlement in order to reduce the impact of dilution.  The net settlement value was determined by the Board as 123.5 pence per ordinary share.

As a result, cash amounting to a total of approximately £138,000 including option tax liability has been paid.

– Ends –

For further information, please contact:

StatPro Group plc

Justin Wheatley, Chief Executive 020 8410 9876
Andrew Fabian, Finance Director

Cenkos Securities

Jon Fitzpatrick/Ken Fleming 0131 220 6939
Julian Morse 020 7397 1931


Caroline Evans-Jones/ Tom Moriarty 020 7651 8688

About StatPro

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 GBP 1 million in 1999 to GBP 28.4 million at end December 2009. StatPro floated on the London Stock Exchange in May 2000 and transferred its listing in June 2003 to AIM.  The Group has operations in Europe, North America, South Africa and Australia, with approximately 75% of recurring revenues being generated outside the UK.

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