Source - RNS
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

Justin Wheatley, Chief Executive

Andrew Fabian, Finance Director

 

Tel: +44 (0) 20 8410 9876

Panmure Gordon (UK) Limited - Nomad and Broker
Corporate Finance - Freddy Crossley / Fabien Holler

Corporate Broking - James Stearns

 

Tel: +44 (0) 20 7886 2500

Instinctif Partners

Adrian Duffield / Chris Birt

 

Tel: +44 (0) 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 notification /Amendment

 

 

Initial notification

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 of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 1 pence each

 

 

 GB0006300213

b)

 

Nature of the transaction

 

Sale of shares

c)

 

Price(s) and volume(s)

 

 

Price(s)

 

Volume(s)

165 pence

665,000

  

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

 

665,000

 

165 pence

 

e)

 

Date of the transaction

 

 

17 May 2018

 

f)

 

Place of the transaction

 

 

AIM Market, London Stock Exchange (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 notification /Amendment

 

 

Initial notification

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 of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 1 pence each

 

 

 GB0006300213

b)

 

Nature of the transaction

 

Purchase of shares

c)

 

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

Mark Adorian

165 pence

 

Rory Curran

165 pence

 

 

40,500

 

 

15,000

 

  

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

 

55,500

 

165 pence

 

e)

 

Date of the transaction

 

 

17 May 2018

 

f)

 

Place of the transaction

 

 

AIM Market, London Stock Exchange (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 £1 million in 1999 to around £53 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
 
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