6 May 2010 12:36
For immediate release
6 May 2010
STATPRO GROUP PLC
("StatPro", "the Company" or "the Group")
Net settlement of Share Options
StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analytics and data solutions for the global asset management industry, today announces that, following the receipt by the Company of applications from employees relating to the exercise of options over 250,000 shares at an exercise price of 60p per share under Company share option schemes, the Company has opted to net settle by cash settlement in order to reduce the impact of dilution. The net settlement value was determined by the Board as 127 pence per ordinary share.
As a result, cash amounting to a total of approximately �168,000 including option tax liability has been paid. In 2010 to date, applications relating to the exercise of options over 678,730 shares have been settled on a net basis. As a result, cash amounting to a total of approximately �444,000 including option tax liability has been paid or will be payable.
- 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 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.