For immediate release
20 November 2009
STATPRO GROUP PLC
(“StatPro” or the “Group”)
Issue of Shares
StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analytics and data solutions for the global asset management industry, today announces that application has been made for the admission to AIM of 150,095 new ordinary shares of 1p each in the Company (‘Ordinary Shares’), issued in connection with the acquisition of exchangeable shares in StatPro Canada Inc (formerly FRI Corporation, “FRI”) retained by FRI’s management, as detailed in the Company’s announcement dated 27 September 2006.
The new Ordinary Shares rank pari passu with the Company’s existing issued ordinary shares, and dealings are expected to commence on 25 November 2009.
Following Admission, the Company’s enlarged issued share capital will comprise 60,243,067 ordinary shares with voting rights. The Company does not currently hold any shares in treasury. This figure of 60,243,067 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.
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For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Andrew Fabian, Finance Director|
|Jon Fitzpatrick/Ken Fleming||0131 220 6939|
|Julian Morse||020 7397 1931|
|Caroline Evans-Jones/ Tom Moriarty||020 7651 8688|
StatPro is a leading provider of portfolio analytics and data solutions for the global asset management industry. The Company sells a SaaS-based Analytics and Data platform on a rental basis to investment management companies allowing them to analyse portfolio performance, attribution, risk and GIPS® compliance. StatPro also provides market data and valuation feeds including a Complex Asset Pricing service.
StatPro has grown its recurring revenue from less than GBP 1 million in 1999 to GBP 28.3 million and a renewal rate of approximately 95% at end June 2009. 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 recurring revenues being generated outside the UK.