For immediate release
17 November 2010
STATPRO GROUP PLC
(“StatPro” or the “Group”)
Issue of Shares
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 18,201 new Ordinary Shares of 1p each in the Company (‘Ordinary Shares’).
18,201 new Ordinary Shares have been 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. Following this issue, there remain 524,272 exchangeable shares in StatPro Canada Inc.
The Company was informed that yesterday Carl Bacon, non-executive Chairman acquired 6,000 Ordinary Shares at 119.5p per share into his SIPP. Also, the spouse of Mr. Bacon acquired 6,900 Ordinary Shares at 119.5p per share into her SIPP and also sold 12,900 Ordinary Shares at 119p per share in her own name. Following these transactions, Mr. Bacon’s beneficial holdings remain unchanged at 750,000 shares representing approximately 1.24% of the Company’s issued Ordinary Shares capital.
The new Ordinary Shares rank pari passu with the Company’s existing issued Ordinary Shares, and dealings are expected to commence on 23 November 2010.
Following Admission, the Company’s enlarged issued share capital will comprise 60,695,880 Ordinary Shares with voting rights and the Company holds 225,000 shares in treasury. This figure of 60,695,880 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|
|Ken Fleming||0131 220 6939|
|Jon Fitzpatrick||0207 397 8900|
|Julian Morse||020 7397 1931|
|Caroline Evans-Jones/ Tom Moriarty/ 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 £28 million at end June 2010 and currently enjoys a renewal rate of approximately 90%. 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.