For immediate release
16 June 2009
STATPRO GROUP PLC
(“StatPro” or the “Group”)
StatPro Group plc (AIM:SOG), the AIM quoted provider of portfolio analytics and data solutions for the global asset management industry, announces that it has received notification that Otos Ltd, a company owned by Carl Bacon, Non-Executive Chairman of StatPro Group plc, yesterday purchased 30,000 ordinary shares of 1p each in the Company (“Ordinary Shares”) at a price of 76.36 pence per share. Following this transaction, Mr. Bacon’s total beneficial holding in the Company is 600,000 Ordinary Shares, representing approximately 1.00% per cent. of the Company’s issued Ordinary Share Capital.
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For further information, please contact:
|StatPro Group plc||www.statpro.com|
|Justin Wheatley, Chief Executive||020 8410 9876|
|Andrew Fabian, Finance Director|
|Jon Fitzpatrick / Ken Fleming||0131 220 6939|
|Tom Moriarty / Caroline Evans-Jones||020 7651 8688|
StatPro is a leading provider of portfolio analytics and data solutions for the global asset management industry. The Company sells its suite of products on a rental basis to investment management companies to analyse portfolio performance, attribution, risk and GIPS® compliance. StatPro also provides the market data and valuation feeds including a new Complex Asset Pricing service.
StatPro has grown its recurring revenue from less than GBP1 million in 1999 to GBP28.4 million at end December 2008 and currently enjoys a 94% renewal rate. 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 revenues being generated outside the UK.
The Company was informed today that on the same day Carl Bacon, Non-executive Chairman, purchased 23,000 shares into his SIPP account at 79.1p per Ordinary Share. On the same day the spouse of Carl Bacon also purchased 10,000 shares into her SIPP account at 79.1p per Ordinary Share. In addition, today, Carl Bacon sold 23,000 shares from his direct account at 79p per Ordinary Share and his spouse sold 10,000 shares from her direct account at 79p per Ordinary Share.
Following these transactions Carl Bacon remains interested in 800,000 Ordinary Shares representing approximately 1.19% of the Company’s issued Ordinary Share capital.