For immediate release
25 March 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 it received on 24 March 2009 notification that on the same day Justin Wheatley, Chief Executive of the Company, purchased 30,000 ordinary shares of 1p each (‘Ordinary Shares’) on behalf of his SIPP at a price of 45.5p per Ordinary Share.
Following this transaction, Justin Wheatley’s interest in the Company comprises 7,083,994 Ordinary Shares, representing approximately 11.91 per cent. of the Company’s issued Ordinary Share capital.
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 around 80% of revenues being generated outside the UK.
South Africa, Asia and Australia and approximately 350 clients in 30 countries around the world. Approximately 80% of recurring revenues are generated outside the UK.