For immediate release
20 October 2006
STATPRO GROUP PLC
(“StatPro” or the “Group”)
Result of EGM
StatPro Group plc, the AIM listed provider of portfolio analytics solutions for the global asset management industry, announces that further to its announcement of 27 September 2006, all of the resolutions proposed at the Extraordinary General Meeting held earlier today were duly passed. It is expected that the acquisition of FRI Corporation will be completed, and the 12,000,000 new Ordinary Shares of 1p each in the Company placed at 88p per share with institutional investors, the Directors and certain senior management will be admitted to AIM on Tuesday 24 October 2006. Following Admission, the Company will have in issue 51,394,283 ordinary shares of 1p each.
Certain terms used in this announcement are defined and have the same meaning as in StatPro’s announcement of 27 September 2006.
– Ends –
For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Andrew Fabian, Finance Director|
Arbuthnot Securities Limited
|Tom Griffiths/Neil Kirkton||020 7012 2000|
|Reg Hoare||020 7360 4900|
Notes to Editors:
StatPro Group plc is a leading provider of portfolio analytics solutions for the global asset management industry. StatPro floated on the London Stock Exchange in May 2000 and transferred its listing in June 2003 to AIM. StatPro has grown its revenue from continuing operations from £1.8 million in 1999 to £10.8 million in 2005.