StatPro Regulatory News (SOG)

20 Jul 2005 10:18

Statpro Group PLC20 July 2005 Wednesday, 20 July 2005 STATPRO GROUP PLC ("StatPro" or the "Group") Acquisition of Delve Cash alternative to deferred consideration element Following the announcement on 4 July 2005 of the acquisition by StatPro of DelveLimited ("Delve"), a company which has developed a highly regarded enterpriseand web reporting solution, the element of the consideration that the vendorselected to take the cash alternative offered amounted to 1%. As a result theinitial cash payable has increased by £5,000 and the amount of deferredconsideration (included the capped amount) will be reduced pro rata by 1% of thetotal potential deferred consideration. - Ends - For further information, please contact: StatPro Group plcJustin Wheatley, Chief Executive 020 8410 9876Andrew Fabian, Finance Director Corporate SynergyJustin Lewis/Rhod Cruwys 020 7626 2244 SmithfieldReg Hoare/ Sarah Richardson 020 7360 4900 Notes to Editors: StatPro Group plc is a leading provider of portfolio analytics solutions for theglobal asset management industry. StatPro floated on the London Stock Exchangein May 2000 and transferred its listing in June 2003 to AIM. StatPro has grownits revenue from continuing operations from £1.8 million in 1999 to £9.1 millionin 2004. Delve Limited is a software reporting development and marketing company based inLondon, with a revenue of £0.3 million in the year ended 31 March 2005 and is aleading supplier of enterprise and web reporting solution to asset managers. This information is provided by RNS The company news service from the London Stock Exchange