10th Sep 2010 09:08
For immediate release
10 September 2010
STATPRO GROUP PLC
("StatPro", "the Company" or "the Group")
Issue of Shares
StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analytics and data solutions for the global asset management industry, today announces that application has been made for the admission to AIM of 1,322 new ordinary shares of 1p each in the Company ('Ordinary Shares'), issued following exercise of share options under an employee share option scheme.
The new Ordinary Shares rank pari passu with the Company's existing issued ordinary shares, and dealings are expected to commence on 15 September 2010.
Following Admission, the Company's issued share capital (excluding treasury stock) will comprise 60,427,679 ordinary shares with voting rights and the Company holds 475,000 shares in treasury. The figure of 60,427,679 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.
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For further information, please contact:
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StatPro Group plc |
www.statpro.com |
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Justin Wheatley, Chief Executive |
020 8410 9876 |
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Andrew Fabian, Finance Director |
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Cenkos Securities |
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Ken Fleming |
0131 220 6939 |
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Jon Fitzpatrick |
0207 397 8900 |
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Julian Morse |
020 7397 1931 |
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Threadneedle Communications |
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Tom Moriarty / Caroline Evans-Jones / 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.
Related Shares:
StatPro