13th Jun 2005 07:00
Statpro Group PLC13 June 2005 For Release at 07.00 Monday, 13 June 2005 STATPRO GROUP PLC Issue of Shares following Exercise of Warrants StatPro Group plc ("StatPro" or the "Company"), the AIM listed provider ofportfolio analytics solutions for the global asset management industry,announces that following the exercise of warrants it has issued 1,690,000ordinary shares raising £0.54 million (before expenses). This successfullycompletes the process of eliminating these unlisted warrants, thereby reducingpotential future dilution and simplifying the Company's capital structure. On 29 April 2005, the Company made a proposal to its warrant holders to exchangetheir existing warrants over 4.25 million shares exercisable at 80 pence pershare up to 17 May 2007 ("Existing Warrants") for new warrants over 1.7 millionshares exercisable at 32 pence per share up to 10 June 2005 ("New Warrants").As announced on 19 May 2005, applications for such exchanges were received inrespect of approximately 99.4 per cent of the Existing Warrants. The Boardresolved to accept such applications in full and this resulted in the issue ofNew Warrants over 1.69 million shares and the cancellation of Existing Warrantsover 4.225 million shares. All of the holders of New Warrants exercised theirright to subscribe and thus the process has now been completed with 1.69 millionshares being issued resulting in a total number of ordinary shares in issue of34,914,744. - Ends - For further information, please contact: StatPro Group plcJustin Wheatley, Chief Executive 020 8410 9876Andrew Fabian, Finance Director Corporate SynergyEdward Vandyk/Justin Lewis 020 7626 2244 SmithfieldReg Hoare/ Sarah Richardson 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 £9.1 million in 2004. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
StatPro