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Directors' Shareholdings

6 Apr 2009 15:31

RNS Number : 2163Q
Statpro Group PLC
06 April 2009
 

For immediate release   

6 April 2009

STATPRO GROUP PLC

("StatPro" or the "Group")

Directors' Shareholdings

Grant of options 

StatPro Group plc, the AIM listed provider of portfolio analytics solutions for the global asset management industry, today announces the grant of share options over a total of 467,500 ordinary shares of 1p each to directors and senior employees in the Group.

The options are exercisable at 80p per share being a premium of 51% over the closing mid market share price of 53p per ordinary share on 3 April 2009. Exercise of the options is conditional upon the satisfaction of performance conditions. The options will not be exercisable unless the share price equals or exceeds 100 pence per share for a period of at least twenty consecutive trading days and specified targets of growth in earnings per share are met. The share options are exercisable at any time between 18 March 2012 and 18 March 2016 being a period of between three years and seven years from the date of grant, subject to the satisfaction of the performance conditions.

The grants of options include grants to StatPro's executive directors over the following numbers of shares:

Justin Wheatley, Chief Executive

45,000

Andrew Fabian, Finance Director

35,000

Following this allocation Justin Wheatley is interested in 7,101,219 ordinary shares representing approximately 11.94% of the Company's issued ordinary share capital and options over 1,090,000 ordinary shares. Andrew Fabian is interested in 136,919 ordinary shares representing approximately 0.23% of the Company's issued ordinary share capital and options over 720,000 ordinary shares.

Other dealings

In addition, the Company was informed today that Carl Bacon (Non-Executive Chairman of the Company) today purchased 35,000 ordinary shares of 1p each on behalf of his SIPP at a price of 53.1p per share. Carl Bacon also sold 35,000 ordinary shares of 1p each from his personal holding at 53p per share. Following these transactions, Carl Bacon's interest in the Company remains 570,000 ordinary shares, representing approximately 0.96 per cent. of the Company's issued ordinary share capital. 

 

- Ends -

For further information, please contact: 

StatPro Group plc

www.statpro.com

Justin Wheatley, Chief Executive

020 8410 9876

Andrew Fabian, Finance Director

Cenkos Securities

Jon Fitzpatrick / Ken Fleming 

0131 220 6939

Julian Morse 

020 7397 1931

ICIS

Tom Moriarty / Caroline Evans-Jones

020 7651 8688

About StatPro

StatPro is a leading provider of portfolio analytics and data solutions for the global asset management industry. 

The Company sells its suite of products on a rental basis to investment management companies to analyse portfolio performance, attribution, risk and GIPS© compliance. StatPro also provides the market data and valuation feeds including a new Complex Asset Pricing service.

StatPro has grown its recurring revenue from less than GBP1 million in 1999 to GBP28.4 million at end December 2008 and currently enjoys a 94% renewal rate.

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 80% of revenues being generated outside the UK. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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