For immediate release
30 April 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 pursuant to the issue of shares under the Company’s Share Plan, application will be made to issue a total of 62,144 ordinary shares of 1p each. It is expected that dealings will commence on 8 May 2009. These shares will rank pari passu with the Group’s existing issued ordinary shares.
Following Admission, the Company’s enlarged issued share capital will comprise 59,608,596 ordinary shares with voting rights. The Company does not hold any shares in treasury. This figure of 59,608,596 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||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.