StatPro Group PLC Directorate Change (6631Y)

TIDMSOG

RNS Number : 6631Y

StatPro Group PLC

19 May 2016

StatPro Group PLC

Two non-executive directors appointed

StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, is appointing David Courtley and Rory Curran as non-executive directors. They take up their appointments at the conclusion of today's Annual General Meeting ("AGM").

David John Courtley, 59, has been in the IT industry for over 25 years and has held a number of senior management roles including CEO of Phoenix IT Group, CEO of Fujitsu Services and Managing Director of EDS UK. He is currently CEO of Mozaic Services, a private company specialising in IT service integration, and is Senior Independent Director of AIM-listed The Science Group plc. David will become Chairman of the Group's Remuneration Committee.

Rory Greenway Curran, 57, has also been in the IT industry for many years. Rory co-founded 1st Software, one of the first companies to use technology as a financial planning tool for building long-term client relationships in financial services companies. The business was sold in 2006. Rory left in 2008 and has since been a director and investor in a number of technology companies. He is currently a non-executive director of Andromeda Enterprises (trading as Ecodesk) and Sammedia Limited, both cloud-based technology businesses.

As previously announced Stuart Clark, the Senior Independent Director and Chairman of the Remuneration Committee, decided not to seek re-election at today's AGM and will cease to be a Director at the conclusion of the meeting.

Jane Tozer will assume the role of Senior Independent Director from today.

Carl Bacon, non-executive Chairman, commented:

"We are delighted to welcome David, with his considerable expertise in IT services, and Rory with his expertise in financial services technology, to StatPro. Their wealth of experience in growing technology businesses will make a great contribution at this exciting time in our evolution."

Enquiries:

 
  StatPro Group plc 
                                            +44 (0) 20 8410 
  Justin Wheatley, Chief Executive                     9876 
  Andrew Fabian, Finance Director 
 
  Panmure Gordon - Nomad and Broker 
  Corporate Finance - Freddy Crossley /     +44 (0) 20 7886 
   Fred Walsh / Fabien Holler                          2500 
  Corporate Broking - Tom Salvesen 
 
  Instinctif Partners 
                                            +44 (0) 20 7457 
  Adrian Duffield / Lauren Foster                      2020

David John Courtley is or was a director of the following companies during the last five years:

 
 Current Directorships          Previous directorships 
 Mozaic-Services Ltd            Parity Group plc 
 Wilcourt Hotels                Executives Place 
 Courtley Consulting            Phoenix IT Group 
 Science Group (formerly        VHA Ltd 
  Sagentia) 
 Skillforce                     Knaves Beech Investments 
                                 no.1 Ltd 
 Skillforce Development         Daisy 1000 Ltd 
 Skillforce Development         Phoenix IT Trustees Ltd 
  (Scotland) 
 Skillforce Development         NDR (Holdings) Ltd 
  (Wales) 
 Americas 5 LLP                 Daisy IT Continuity Consulting 
                                 Ltd 
 Americas 4 LLP                 Daisy IT computer Group 
                                 (Scotland) Ltd 
 The Invicta Film Partnership   ICM Ltd 
  No. 20 LLP 
 The Invicta Film Partnership   Criffel Micro Business 
  No. 22 LLP                     Systems Ltd 
 Maybury Media LLP              Trend Network Services 
 The Joondalup Film LLP         Daisy IT Services Ltd 
 The Invicta Film Partnership   Network Disaster Recovery 
  No. 4 LLP                      Ltd 
                                Daisy Computer Group 
                                 Ltd 
                                Daisy IT Managed Services 
                                 Ltd 
                                Daisy IT Continuity and 
                                 Resilience Services Ltd 
                                Phoenix International 
                                 Holdings Ltd 
                                Servo Computer Services 
                                 Ltd 
                                Daisy IT Group Ltd

Mr Courtley is not currently beneficially interested in the issued and outstanding share capital of the Group.

Rory Greenway Curran is or was a director of the following companies during the last five years:

 
 Current Directorships           Previous directorships 
 Andromeda Enterprises Limited   Remote Energy Monitoring 
                                  Holdings Limited 
 Beetle Capital Investors        Urban Mapz Limited 
  LLP 
 Sammedia Limited 
 Work on Wheels Limited 
 Ecodesk Limited 
 Selficon Limited 
 Toft Partnership

Mr Curran is not currently beneficially interested in the issued and outstanding share capital of the Group.

There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.

About StatPro

StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group's cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro's clients increase assets under management, improve client service, meet tough regulations and reduce costs.

The Group's integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the licence free Freedom Index.

StatPro has grown its Annualised Recurring Revenue from less than GBP1 million in 1999 to around GBP32 million at end December 2015 (including Investor Analytics and InfoVest acquisitions in 2016 on a pro forma basis). The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 38 countries around the world. Approximately 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOADVLFFQEFBBBX

(END) Dow Jones Newswires

May 19, 2016 02:02 ET (06:02 GMT)

Statpro (LSE:SOG)
Historical Stock Chart
From May 2024 to Jun 2024