StatPro Regulatory News (SOG)

9 Oct 2009 15:03



For immediate release

9 October 2009

STATPRO GROUP PLC

("StatPro", "the Company" or "the Group")

Director Shareholding

StatPro Group plc (AIM:SOG), the AIM listed provider of portfolio analytics and data solutions for the global asset management industry, announces that it has received notification that Carl Bacon, Chairman of the Company, yesterday purchased 55,000 Ordinary Shares of 1p each in the Company ("Ordinary Shares") on behalf of his SIPP at a price of 95.1 pence per share. 

In addition, from his personal holding Mr. Bacon sold 40,000 Ordinary Shares at a price of 95 pence per share and transferred 45,000 Ordinary Shares to his spouse's personal holding. Mr. Bacon's spouse sold 15,000 Ordinary Shares at a price of 95 pence per share from her personal holding. 

Following these transactions, Mr. Bacon's total beneficial holding in the Company remains 600,000 Ordinary Shares, representing approximately 1.0% per cent. of the Company's issued Ordinary Share Capital. 

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About StatPro

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 28.3 million at end June 2009 and currently enjoys a renewal rate of approximately 95%. 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 80% of recurring revenues being generated outside the UK.