For immediate release
10 June 2010
STATPRO GROUP PLC
(“StatPro” or the “Group”)
StatPro Group plc – Treasury Stock
StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analytics and data solutions for the global asset management industry announces that, following the shareholder approval of its share buy-back authority at the Annual General Meeting held on 18 May 2010, it has made a market purchase of 25,000 ordinary shares at 102.5 pence per share on 9 June 2010.
Following settlement of this transaction on 17 June 2010, the Company’s issued share capital (excluding treasury stock) will comprise 60,426,357 ordinary shares with voting rights and the Company will hold 475,000 shares in treasury. The figure of 60,426,357 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||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 28.4 million at end December 2009. StatPro floated on the London Stock Exchange in May 2000 and transferred its listing in June 2003 to AIM. The Group has operations in Europe, North America, South Africa and Australia, with approximately 75% of recurring revenues being generated outside the UK.