30th Nov 2007 09:48
Statpro Group PLC30 November 2007 For immediate release 30 November 2007 STATPRO GROUP PLC ("StatPro" or the "Group") Issue of shares StatPro announces that the Company has agreed to issue in aggregate 62,765ordinary shares of 1p each in the Company ("Ordinary Shares") to members of thesenior management team who are subscribing for the shares using proceeds ofdeferred consideration receivable by them in relation to the acquisitions ofKizen (Pty) Ltd. and StatPro Canada Inc. (formerly FRI Corporation), bothcompleted in 2006. The share price of the Ordinary Shares will be 87.5 pence pershare which is based upon the average closing offer price for the ten tradingdays up to and including 27 November 2007 and represents a premium of 4.2% tothe closing mid-market price as at 29 November 2007. Application has been made for the admission to AIM of the Ordinary Shares. Thenew Ordinary Shares will rank pari passu with the Company's existing issuedordinary shares. Admission and dealings in the Ordinary Shares are expected tooccur on 6 December 2007. Following admission to trading on AIM of the New Ordinary Shares, the Companywill have 53,097,834 ordinary shares in issue. - Ends - For further information, please contact: StatPro Group plc www.statpro.comJustin Wheatley, Chief Executive 020 8410 9876Andrew Fabian, Finance Director Arbuthnot Securities LimitedTom Griffiths/Alasdair Younie 020 7012 2000 SmithfieldReg Hoare 020 7360 4900 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
StatPro