For immediate release
11 June 2012
STATPRO GROUP PLC
(“StatPro” or the “Group”)
Issue of shares
The Company announces that application has been made for the admission to AIM of 42,000 new Ordinary Shares of 1p each in the Company (‘Ordinary Shares’) following the exercise of share options by Andrew Fabian, Finance Director at an exercise price of 60p per share under the Company’s Approved share option scheme.
The Company was informed today that the SIPP of Andrew Fabian purchased today 42,000 Ordinary Shares at 85.58p per Ordinary Share. In addition, Andrew Fabian sold today 42,000 Ordinary Shares at 85.5p per share from his own holdings following the exercise of Options noted above.
Following these transactions Andrew Fabian increased his overall beneficial holdings by 42,000 Ordinary Shares and is interested in 249,795 Ordinary Shares representing approximately 0.41% of the Company’s issued Ordinary Share capital and options over 140,000 Ordinary Shares.
The new Ordinary Shares rank pari passu with the Company’s existing issued Ordinary Shares, and dealings are expected to commence on 15 June 2012.
Following Admission, the Company’s enlarged issued share capital will comprise 61,419,037 Ordinary Shares with voting rights and the Company holds 225,000 shares in treasury. This figure of 61,419,037 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA’s Disclosure and Transparency Rules.
– Ends –
For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Andrew Fabian, Finance Director|
|Stephen Keys||020 7397 8926|
|Adrian Hargrave||020 7379 8922|
|Julian Morse (Sales)||020 7397 1931|
|Caroline Evans-Jones/ Hilary Millar||020 7653 9850|
StatPro is a global provider of portfolio analytics for the investment community. Our cloud-based services provide vital analysis of portfolio performance, attribution and risk. Hundreds of investment professionals use our cloud services directly or through a fund administrator/partner to perform sophisticated analysis, reporting and distribution every day.
With nearly 20 years of experience and expertise, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes global equities, global bonds, global mutual funds, most families of benchmarks, FX rates, sector classifications and much else besides.
StatPro has grown its recurring revenue from less than £1 million in 1999 to around £30 million at end December 2012 and currently enjoys a renewal rate of approximately 93%. StatPro floated on the main market of the London Stock Exchange in May 2000 and transferred its listing to AIM in June 2003. The Group has operations in Europe, North America, 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.