For immediate release
14 June 2011
STATPRO GROUP PLC
(“StatPro” or the “Group”)
Issue of Shares
Net settlement of Share Options
StatPro Group plc (AIM:SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, today announces that application has been made for the admission to AIM of 11,117 new Ordinary Shares of 1p each in the Company (‘Ordinary Shares’) following the exercise of share options under the Company’s unapproved share option schemes.
Following the receipt by the Company of applications from employees relating to the exercise of options over a total of 52,500 shares (40,000 shares at an exercise price of 60p per share and 12,500 shares at an exercise price of 100p per share) under the Company’s unapproved share option schemes, the Company has opted to net settle by issuing a reduced number of shares representing the after tax value in order to reduce the impact of dilution. The net settlement value was determined by the Board as 109.5 pence per Ordinary Share.
The new Ordinary Shares rank pari passu with the Company’s existing issued Ordinary Shares, and dealings are expected to commence on 20 June 2011.
Following Admission, the Company’s enlarged issued share capital will comprise 60,804,432 Ordinary Shares with voting rights and the Company holds 225,000 shares in treasury. This figure of 60,804,432 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|
|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 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 £1 million in 1999 to £29 million at end December 2010 and currently enjoys a renewal rate of approximately 92%. 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 79% of recurring revenues being generated outside the UK.