TIDMSOG

RNS Number : 4869O

StatPro Group PLC

17 May 2018

17 May 2018

StatPro Group PLC

Result of secondary placing of existing shares in StatPro Group Plc

Notification of PDMR Dealings

Following the announcement made earlier today, StatPro Group plc (AIM: SOG, "StatPro" or the "Company"), the AIM-listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, announces that Justin Wheatley, Chief Executive Officer of the Company, has sold 665,000 ordinary shares of 1 pence each of the Company, representing approximately 1 per cent. of the Company's issued share capital, at a price of 165 pence per share (the "Placing"). The Company is not a party to the Placing and will not receive any proceeds from the Placing.

Following completion of the Placing, Justin Wheatley holds 6,815,722 ordinary shares in the Company, representing approximately 10.4 per cent. of the Company's issued share capital. In addition to the above interests, Justin Wheatley has an interest in 264,000 ordinary shares in family trusts, being a trustee and potential beneficiary of the trusts.

Justin Wheatley has declared his intention not to sell any of his remaining shares for a period of 12 months following the completion of the Placing.

Mark Adorian, non-executive director, has purchased 40,500 ordinary shares in the Placing. As a result, he holds 3,036,198 ordinary shares in the Company, representing approximately 4.6 per cent. of the Company's issued share capital.

Rory Curran, non-executive chairman, has purchased 15,000 ordinary shares in the Placing. As a result, he holds 39,689 ordinary shares in the Company, representing approximately 0.1 per cent. of the Company's issued share capital.

Settlement of the Placing is expected to take place on 21 May 2018.

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Enquiries:

 
 StatPro Group plc                      Tel: +44 (0) 
  Justin Wheatley, Chief Executive       20 8410 9876 
  Andrew Fabian, Finance Director 
 Panmure Gordon (UK) Limited -          Tel: +44 (0) 
  Nomad and Broker                       20 7886 2500 
  Corporate Finance - Freddy Crossley 
  / Fabien Holler 
  Corporate Broking - James Stearns 
 Instinctif Partners                    Tel: +44 (0) 
  Adrian Duffield / Chris Birt           20 7457 2020 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------ 
 a)   Name                Justin Wheatley 
---  ------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------ 
 a)   Position/status     Chief Executive Director/PDMR 
---  ------------------  ---------------------------------- 
 b)   Initial             Initial notification 
       notification 
       /Amendment 
---  ------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------ 
 a)   Name                StatPro Group plc 
---  ------------------  ---------------------------------- 
 b)   LEI                 213800IQAQ19RDQT9I51 
---  ------------------  ---------------------------------- 
 4    Details of the transaction(s): section 
       to be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ------------------------------------------------------ 
 a)   Description         Ordinary shares of 1 pence each 
       of the financial 
       instrument, 
       type of             GB0006300213 
       instrument 
 
       Identification 
       code 
---  ------------------  ---------------------------------- 
 b)   Nature of           Sale of shares 
       the transaction 
---  ------------------  ---------------------------------- 
 c)   Price(s)             Price(s)     Volume(s) 
       and volume(s)       -----------  ---------- 
                            165 pence    665,000 
                           -----------  ---------- 
---  ------------------  ---------------------------------- 
 d)   Aggregated 
       information 
 
       - Aggregated         665,000 
       volume 
                            165 pence 
       - Price 
---  ------------------  ---------------------------------- 
 e)   Date of             17 May 2018 
       the transaction 
---  ------------------  ---------------------------------- 
 f)   Place of            AIM Market, London Stock Exchange 
       the transaction     (XLON) 
---  ------------------  ---------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------ 
 a)   Name                Mark Adorian 
                           Rory Curran 
---  ------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------ 
 a)   Position/status     PDMRs 
---  ------------------  ---------------------------------- 
 b)   Initial             Initial notification 
       notification 
       /Amendment 
---  ------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------ 
 a)   Name                StatPro Group plc 
---  ------------------  ---------------------------------- 
 b)   LEI                 213800IQAQ19RDQT9I51 
---  ------------------  ---------------------------------- 
 4    Details of the transaction(s): section 
       to be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ------------------------------------------------------ 
 a)   Description         Ordinary shares of 1 pence each 
       of the financial 
       instrument, 
       type of             GB0006300213 
       instrument 
 
       Identification 
       code 
---  ------------------  ---------------------------------- 
 b)   Nature of           Purchase of shares 
       the transaction 
---  ------------------  ---------------------------------- 
 c)   Price(s)             Price(s)        Volume(s) 
       and volume(s)       --------------  ---------- 
                            Mark Adorian 
                             165 pence       40,500 
 
                             Rory Curran 
                             165 pence       15,000 
                           --------------  ---------- 
---  ------------------  ---------------------------------- 
 d)   Aggregated 
       information 
 
       - Aggregated         55,500 
       volume 
                            165 pence 
       - Price 
---  ------------------  ---------------------------------- 
 e)   Date of             17 May 2018 
       the transaction 
---  ------------------  ---------------------------------- 
 f)   Place of            AIM Market, London Stock Exchange 
       the transaction     (XLON) 
---  ------------------  ---------------------------------- 
 

The above notification is made in accordance with the requirements of the EU Market Abuse Regulation.

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 open source Freedom Index.

The Group has operations in Europe, North America, South Africa, and Australia, with hundreds of clients in 39 countries around the world.

StatPro has grown its Annualised Recurring Revenue from less than GBP1 million in 1999 to around GBP53 million at the end of December 2017. Over 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

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