For immediate release
10 June 2009
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 has received notifications that Charles Fairbairn, Non-Executive Director of the Company, yesterday purchased 108,000 ordinary shares of 1p each in the Company (“Ordinary Shares”) on behalf of his SIPP at a price of 75 pence per share.
In addition, yesterday Mr. Fairbairn sold 18,000 Ordinary Shares at a price of 75p per share from his personal holding and Mrs. Sue Fairbairn, wife of Charles Fairbairn, sold 90,000 Ordinary Shares at a price of 75p per share from her personal holding.
Following this transaction, Mr. Fairbairn’s total beneficial holding in the Company remains 779,834 Ordinary Shares, representing approximately 1.31% per cent. of the Company’s issued Ordinary Share Capital.
– Ends –
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.