8 Oct 2010 09:57
For immediate release 8 October 2010
STATPRO GROUP PLC
("StatPro", "the Company" or "the Group")
StatPro Group plc - Treasury Stock
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 made a market sale of 250,000 ordinary shares at 127.5 pence per share on 7 October 2010, the ultimate buyer being a new institutional investor.
Following settlement of this transaction on 12 October 2010, the Company's issued share capital (excluding treasury stock) will comprise 60,677,679 ordinary shares with voting rights and the Company will hold 225,000 shares in treasury. The figure of 60,677,679 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.
- 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 |
|
|
| Ken Fleming |
| 0131 220 6939 |
| Jon Fitzpatrick |
| 0207 397 8900 |
| Julian Morse |
| 020 7397 1931 |
|
|
|
|
| Threadneedle Communications |
|
|
| Caroline Evans-Jones / Tom Moriarty / 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 £28 million at end June 2010 and currently enjoys a renewal rate of approximately 90%. 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 79% of recurring revenues being generated outside the UK.