21st Apr 2008 15:23
Statpro Group PLC21 April 2008 For immediate release 21 April 2008 STATPRO GROUP PLC ("StatPro" or the "Group") Grant of options StatPro Group plc, the AIM listed provider of portfolio analytics solutions forthe global asset management industry, today announces the grant of share optionsover a total of 540,000 ordinary shares of 1p each to directors and senioremployees in the Group. The options are exercisable at 100p per share being a premium of 30% over theclosing mid market share price of 77p per ordinary share on 18 April 2008.Exercise of the options is conditional upon the satisfaction of performanceconditions. The options will not be exercisable unless the share price equals orexceeds 125 pence per share for a period of at least twenty consecutive tradingdays and specified targets of growth in earnings per share are met. The shareoptions are exercisable at any time between 17 April 2011 and 17 April 2015being a period of between three years and seven years from the date of grant,subject to the satisfaction of the performance conditions. The grants of options include grants to StatPro's executive directors over thefollowing numbers of shares: Justin Wheatley, Chief Executive 45,000Andrew Fabian, Finance Director 35,000 Following this allocation Justin Wheatley is interested in 6,631,772 ordinaryshares representing approximately 12.16% of the Company's issued ordinary sharecapital and options over 1,045,000 ordinary shares. Andrew Fabian is interestedin 31,363 ordinary shares representing approximately 0.06% of the Company'sissued ordinary share capital and options over 685,000 ordinary shares. - Ends - For further information, please contact: StatPro Group plc www.statpro.comCarl Bacon, Chairman 020 8410 9876Mark Adorian, Non-Executive Director Arbuthnot Securities LimitedTom Griffiths/Neil Kirton 020 7012 2000 SmithfieldReg Hoare 020 7360 4900 Notes to Editors: StatPro Group plc is a leading provider of portfolio analyticssolutions for the global asset management industry. StatPro floated on theLondon Stock Exchange in May 2000 and transferred its listing in June 2003 toAIM. StatPro has grown its revenue from continuing operations from £1.8 millionin 1999 to over £22 million today. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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