StatPro Group PLC Issue of equity and Director/PDMR dealing (2235R)

TIDMSOG

RNS Number : 2235R

StatPro Group PLC

25 October 2019

25 October 2019

StatPro Group PLC

Issue of equity and Director/PDMR dealing

On 20 September 2019, the boards of directors of Confluence Technologies, Inc and StatPro Group plc ("StatPro") announced they had reached agreement on the terms of a recommended all cash offer for the entire issued and to be issued ordinary share capital of StatPro (the "Acquisition"), to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme").

StatPro announces that it has today transferred out of treasury 1,856,454 ordinary shares and allotted and issued 1,960,000 ordinary shares of 1 penny each to satisfy an exercise of options under the StatPro Share Option Plans by certain option holders.

Total Voting Rights

Application has been made for the new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur and dealings in the new ordinary shares will commence on 28 October 2019.

Following Admission, the issued share capital of StatPro will be 69,686,391 ordinary shares with voting rights, and 1,177,259 ordinary shares in treasury.

Following Admission, the above figure of 69,686,391 ordinary shares may be used by shareholders in StatPro as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of StatPro under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Following Admission, Justin Wheatley' beneficial interest in StatPro will be 7,888,043 ordinary shares, representing 11.32% of StatPro's voting rights. In addition, Justin Wheatley has an interest in 264,000 ordinary shares in a family trust, being a trustee and potential beneficiary of the trust.

Capitalised terms used in this announcement shall have the meanings given to them in the circular published in relation to the Scheme (the "Scheme Document").

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                   Michel Lempicki 
 
                              Craig Arenhold 
 
                              Nico Coetzee 
 
                              Dario Cintioli 
 
                              Luca Bortolami 
 
                              Clinton Moseley 
 
                              Justin Wheatley 
 
                              Marc Zandt 
 
                              Andrew Fabian 
 
                              Gordon Bloor 
     ---------------------  ------------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status        Michel Lempicki PDMR 
 
                              Craig Arenhold PDMR 
 
                              Nico Coetzee PDMR 
 
                              Dario Cintioli PDMR 
 
                              Luca Bortolami PDMR 
 
                              Clinton Moseley PDMR 
 
                              Justin Wheatley Director 
 
                              Marc Zandt PDMR 
 
                              Andrew Fabian Director 
 
                              Gordon Bloor PDMR 
     ---------------------  ------------------------------------------------ 
 b)   Initial notification   Initial 
       /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 instrument 
                              GB0006300213 
       Identification 
       code 
     ---------------------  ------------------------------------------------ 
 b)   Nature of the          Exercise of options pursuant to the StatPro 
       transaction            Performance Share Plan 2015, the StatPro 
                              2011 Company Ownership Plan, and the StatPro 
                              2003 Executive Unapproved Share Option Scheme. 
     ---------------------  ------------------------------------------------ 
 c)   Price(s) and           Michel Lempicki: Price(s)    Volume(s) 
       volume(s)               n/a         139,972 
                                          ---------- 
 
 
                              Craig Arenhold: Price(s)    Volume(s) 
                               n/a         87,184 
                                          ---------- 
 
 
                              Nico Coetzee: Price(s)    Volume(s) 
                               n/a         3,828 
                                          ---------- 
 
 
                              Dario Cintioli: Price(s)    Volume(s) 
                               n/a         1,071,353 
                                          ---------- 
 
 
                              Luca Bortolami: Price(s)   Volume(s) 
                               n/a        96,578 
                                         ---------- 
                               98p        20,000 
                                         ---------- 
 
 
                              Clinton Moseley: Price(s)    Volume(s) 
                               n/a         3,190 
                                          ---------- 
 
 
                              Justin Wheatley: Price(s)   Volume(s) 
                               n/a        51,131 
                                         ---------- 
                               108p       1,000,000 
                                         ---------- 
 
 
                              Marc Zandt: Price(s)   Volume(s) 
                               n/a        163,218 
                                         ---------- 
                               108p       75,000 
                                         ---------- 
 
 
                              Andrew Fabian: Price(s)   Volume(s) 
                               n/a        160,581 
                                         ---------- 
                               108p       150,000 
                                         ---------- 
 
 
                              Gordon Bloor: Price(s)    Volume(s) 
                               n/a         4,466 
                                          ---------- 
     ---------------------  ------------------------------------------------ 
 d)   Aggregated               Price(s)    Volume(s) 
       information              n/a         1,781,501 
                                           ---------- 
       - Aggregated 
       volume                   Price(s)   Volume(s) 
                                98p        20,000 
       - Price                            ---------- 
 
                                Price(s)   Volume(s) 
                                108p       1,225,000 
                                          ---------- 
     ---------------------  ------------------------------------------------ 
 e)   Date of the            25 October 2019 
       transaction 
     ---------------------  ------------------------------------------------ 
 f)   Place of the           Non market trade (XOFF) 
       transaction 
     ---------------------  ------------------------------------------------ 
 

The above notifications are made in accordance with the requirements of the EU Market Abuse Regulation.

Enquiries:

 
 StatPro Group plc 
 Justin Wheatley, Chief Executive        [phone] 
 Andrew Fabian, Finance Director 
 
 Panmure Gordon - Nomad and Broker 
 Corporate Finance - Freddy Crossley 
  / Fabien Holler                        [phone] 
 Corporate Broking - James Stearns 
 
 Instinctif Partners 
 Adrian Duffield / Kay Larsen / 
  Chantal Woolcock                       [phone] 
 

About StatPro

StatPro Group (www.statpro.com) provides cloud-based portfolio analytics, asset data services and data management tools for the global asset management industry and asset management service providers.

The Group has 10 offices in Europe, North America, South Africa and Australia, servicing around 500 clients in 39 countries. It is organised into three divisions: Revolution, Source: StatPro and Infovest.

Revolution is a global provider of award-winning portfolio analytics solutions. The cloud-based platform offers vital analysis of portfolio performance, attribution, risk and compliance. Revolution helps clients reduce costs, improve client communication and control investment decisions.

Source: StatPro is a global market data business and provides Data-as-a-Service to Revolution to enable analytics. The division's integrated and global data coverage includes millions of securities covering the full range of financial instruments and benchmarks.

Infovest, supplies data management solutions for the global asset management market, including data warehouse technology, ETL, compliance and reporting tools as well as portfolio management solutions.

StatPro Group plc shares are listed on AIM.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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October 25, 2019 11:00 ET (15:00 GMT)