17 May 2018 16:47
17 May 2018
StatPro Group PLC
Result of secondary placing of existing shares in StatPro Group Plc
Notification of PDMR Dealings
Following the announcement made earlier today, StatPro Group plc (AIM: SOG, "StatPro" or the "Company"), the AIM-listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, announces that Justin Wheatley, Chief Executive Officer of the Company, has sold 665,000 ordinary shares of 1 pence each of the Company, representing approximately 1 per cent. of the Company's issued share capital, at a price of 165 pence per share (the "Placing"). The Company is not a party to the Placing and will not receive any proceeds from the Placing.
Following completion of the Placing, Justin Wheatley holds 6,815,722 ordinary shares in the Company, representing approximately 10.4 per cent. of the Company's issued share capital. In addition to the above interests, Justin Wheatley has an interest in 264,000 ordinary shares in family trusts, being a trustee and potential beneficiary of the trusts.
Justin Wheatley has declared his intention not to sell any of his remaining shares for a period of 12 months following the completion of the Placing.
Mark Adorian, non-executive director, has purchased 40,500 ordinary shares in the Placing. As a result, he holds 3,036,198 ordinary shares in the Company, representing approximately 4.6 per cent. of the Company's issued share capital.
Rory Curran, non-executive chairman, has purchased 15,000 ordinary shares in the Placing. As a result, he holds 39,689 ordinary shares in the Company, representing approximately 0.1 per cent. of the Company's issued share capital.
Settlement of the Placing is expected to take place on 21 May 2018.
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Enquiries:
StatPro Group plc Justin Wheatley, Chief Executive Andrew Fabian, Finance Director
| Tel: +44 (0) 20 8410 9876 |
Panmure Gordon (UK) Limited - Nomad and BrokerCorporate Finance - Freddy Crossley / Fabien Holler Corporate Broking - James Stearns
| Tel: +44 (0) 20 7886 2500 |
Instinctif Partners Adrian Duffield / Chris Birt
| Tel: +44 (0) 20 7457 2020 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Justin Wheatley
| ||||
2
| Reason for the notification | |||||
a) | Position/status
| Chief Executive Director/PDMR
| ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| StatPro Group plc | ||||
b)
| LEI
| 213800IQAQ19RDQT9I51 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 1 pence each
GB0006300213 | ||||
b)
| Nature of the transaction
| Sale of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
665,000
165 pence
| ||||
e)
| Date of the transaction
| 17 May 2018
| ||||
f)
| Place of the transaction
| AIM Market, London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Mark Adorian Rory Curran
| ||||
2
| Reason for the notification | |||||
a) | Position/status
| PDMRs
| ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| StatPro Group plc | ||||
b)
| LEI
| 213800IQAQ19RDQT9I51 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 1 pence each
GB0006300213 | ||||
b)
| Nature of the transaction
| Purchase of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
55,500
165 pence
| ||||
e)
| Date of the transaction
| 17 May 2018
| ||||
f)
| Place of the transaction
| AIM Market, London Stock Exchange (XLON) | ||||
The above notification is made in accordance with the requirements of the EU Market Abuse Regulation.
About StatPro
StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group's cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro's clients increase assets under management, improve client service, meet tough regulations and reduce costs.
The Group's integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.
The Group has operations in Europe, North America, South Africa, and Australia, with hundreds of clients in 39 countries around the world.
StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £53 million at the end of December 2017. Over 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.