StatPro Group PLC Director/PDMR Shareholding (5471D)

TIDMSOG

RNS Number : 5471D

StatPro Group PLC

26 June 2019

26 June 2019

StatPro Group plc

Director/PDMR - Interest in shares

StatPro Group plc, (AIM:SOG, "StatPro", "the Company"), the AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, announces that following the approval by the shareholders at the Annual General meeting on 23 May 2019 of the Growth Share Plan and a recommendation of the Remuneration Committee of the Board, the following Growth Shares have been subscribed for on 25 June 2019 by members of the management team. The values per Growth Share have been determined by an independent valuation expert.

The Growth Share Plan

The Growth Share Plan has been designed to attract and retain senior members of the Company and align their interests with those of the shareholders over a period of three to five years. The Growth Share Plan sits alongside the Company's Performance Share Plan ("PSP"), and participants are given the choice to participate either in the Growth Share Plan or in the PSP. If a participant chooses to accept an award under the Growth Share Plan, he/she will not receive any further award either under the PSP or the Growth Share Plan in the following three years.

Awards under the Growth Share Plan are made by the issue to participants of a certain number of three new classes of shares, each having a hurdle to meet which corresponds to a predetermined price at which the Company's ordinary shares would need to be traded for a period of 20 consecutive dealing days during a specified performance period (3 to 5 years from the date of the award).

The Growth Shares are not quoted on AIM or any other exchange. They do not have any voting rights or rights to receive dividends. On and following the reaching or exceeding of the hurdle within the performance period, the Growth Shares will be regarded as vested and inherently accrue value. Immediately following the end of the performance period, the vested Growth Shares will convert into ordinary shares on a 'one for one' basis, which will be admitted to trading on AIM.

The mid-market closing price of StatPro's ordinary shares on the day prior to the date of the awards was 134.5p. Therefore, the hurdle prices for the Growth Shares are as follows:

 
 Class of Growth      Hurdle   Hurdle   Performance     Subscription 
  Share                  %      price      period      price per share 
                                 (p)                         (p) 
 A ordinary shares       70%      229     3 years           16.8 
                     -------  -------  ------------  ----------------- 
 B ordinary shares      100%      269     4 years           12.5 
                     -------  -------  ------------  ----------------- 
 C ordinary shares      130%      309     5 years           10.6 
                     -------  -------  ------------  ----------------- 
 

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               Craig Arenhold 
                          Gordon Bloor 
                          Nico Coetzee 
                          Andrew Fabian 
                          Michel Lempicki 
                          Clinton Moseley 
                          Justin Wheatley 
                           Marc Zandt 
     ----------------  --------------------------------------------------------------------------------------------------------------------- 
 2    Reason for the notification 
       Subscription of Growth Shares 
     --------------------------------------------------------------------------------------------------------------------------------------- 
 a)   Position/status     Craig Arenhold    PDMR 
                            Gordon Bloor      PDMR 
                            Nico Coetzee      PDMR 
                            Andrew Fabian     Director 
                            Michel Lempicki   PDMR 
                            Clinton Moseley   PDMR 
                            Justin Wheatley   Director 
                            Marc Zandt        PDMR 
     ----------------  --------------------------------------------------------------------------------------------------------------------- 
 b)   Initial           Initial 
      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       A ordinary shares, B ordinary shares and C ordinary 
      of the             shares 
      financial 
      instrument, 
      type of            GB0006300213 
      instrument 
 
      Identification 
      code 
     ----------------  --------------------------------------------------------------------------------------------------------------------- 
 b)   Nature of         Subscription of shares under Growth Share Plan. 
      the transaction    If performance relevant hurdles are met, each 
                         Growth Share will be convertible into one StatPro 
                         Group plc ordinary share at the end of the relevant 
                         performance period for each class of shares.                                A shares   B shares   C shares    Total 
                          Craig Arenhold     PDMR          46,667     46,667     46,666   140,000 
                          Gordon Bloor       PDMR          46,667     46,667     46,666   140,000 
                          Nico Coetzee       PDMR          33,333     33,333     33,334   100,000 
                          Andrew Fabian      Director      33,333     33,333     33,334   100,000 
                          Michel Lempicki    PDMR          33,333     33,333     33,334   100,000 
                          Clinton Moseley    PDMR          20,000     20,000     20,000    60,000 
                          Justin Wheatley    Director     100,000    100,000    100,000   300,000 
                          Marc Zandt         PDMR          46,667     46,667     46,666   140,000 
     ----------------  --------------------------------------------------------------------------------------------------------------------- 
 c)   Price(s)            Share       Price(s)   Volume(s) 
       and volume(s)        type 
                           A shares        16.8     360,000 
                                      ---------  ---------- 
                           B shares        12.5     360,000 
                                      ---------  ---------- 
                           C shares        10.6     360,000 
                                      ---------  ---------- 
     ----------------  --------------------------------------------------------------------------------------------------------------------- 
 d)   Aggregated 
       information 
                           All shares    1,080,000 
 
       - Aggregated 
       volume 
 
                           All shares    13.3 
       - Price 
     ----------------  --------------------------------------------------------------------------------------------------------------------- 
 e)   Date of the       25 June 2019 
       transaction 
     ----------------  --------------------------------------------------------------------------------------------------------------------- 
 f)   Place of          N/A 
      the 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 40 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.

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June 26, 2019 10:58 ET (14:58 GMT)