For immediate release
11 May 2006
STATPRO GROUP PLC
(“StatPro” or the “Group”)
StatPro Group plc (‘StatPro’ or the ‘Company’) announces that it was notified yesterday that Justin Wheatley, Chief Executive of the Company, has transferred for nil value his entire holding of 6,265,000 ordinary shares of 1 penny each in the capital of the Company, (‘Ordinary Shares’), representing approximately 15.9 per cent of the Company’s issued share capital, into the joint names of himself and his wife, Catherine Wheatley. Furthermore, StatPro has been notified that Justin and Catherine Wheatley have also entered into a deed declaring that the beneficial interests in the 6,265,000 Ordinary Shares are held as to 6,202,350 Ordinary Shares, representing 15.8 per cent of the Company’s issued share capital, by Justin Wheatley and 62,650 Ordinary Shares, representing approximately 0.16 per cent of the Company’s issued share capital, by Catherine Wheatley.
In addition, Justin Wheatley and Dominic Wheatley, a Non-Executive Director of the Company, together with Gregory Wheatley, StatPro’s Company Secretary, hold 255,000 Ordinary Shares, representing approximately 0.65 per cent of the Company’s issued share capital, in a family trust, each of them being a trustee and potential beneficiary of the trust; a further 172,000 Ordinary Shares are held in a retirement benefit scheme in which Justin Wheatley has a beneficial interest.
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For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Andrew Fabian, Finance Director|
Arbuthnot Securities Limited
|Tom Griffiths/Neil Kirkton||020 7012 2000|
|Reg Hoare||020 7360 4900|
Notes to Editors:
StatPro Group plc is a leading provider of portfolio analytics solutions for the global asset management industry. StatPro floated on the London Stock Exchange in May 2000 and transferred its listing in June 2003 to AIM. StatPro has grown its revenue from continuing operations from £1.8 million in 1999 to £10.8 million in 2005.