19 Dec 2011 11:45
For immediate release 19 December 2011
STATPRO GROUP PLC
("StatPro", "the Company" or "the Group")
Issue of Shares
StatPro Group plc (AIM:SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, today announces that application has been made for the admission to AIM of 524,272 new Ordinary Shares of 1p each in the Company ('Ordinary Shares').
524,272 new Ordinary Shares are being issued in connection with the acquisition of exchangeable shares in StatPro Canada Inc (formerly FRI Corporation, "FRI") retained by FRI's management, as detailed in the Company's announcement dated 27 September 2006. The Company has exercised its right under the agreement to redeem the remaining exchangeable shares and, following this issue, there are no remaining exchangeable shares in StatPro Canada Inc.
The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares, and dealings are expected to commence on 22 December 2011.
Following Admission, the Company's enlarged issued share capital will comprise 61,328,704 Ordinary Shares with voting rights and the Company holds 225,000 shares in treasury. This figure of 61,328,704 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 | www.statpro.com | |
Justin Wheatley, Chief Executive | 020 8410 9876 | |
Andrew Fabian, Finance Director | ||
Cenkos Securities | ||
Stephen Keys | 020 7397 8926 | |
Adrian Hargrave | 020 7379 8922 | |
Julian Morse (Sales) | 020 7397 1931 | |
Threadneedle Communications | ||
Caroline Evans-Jones/ Hilary Millar | 020 7653 9850 |
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 £1 million in 1999 to £30 million at end June 2011 and currently enjoys a renewal rate of approximately 91%. 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.