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Share Name Share Symbol Market Type Share ISIN Share Description
Statpro Group Plc LSE:SOG London Ordinary Share GB0006300213 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 127.00p 125.00p 129.00p 127.00p 127.00p 127.00p 1,553 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 54.8 -1.0 -0.8 - 83.62

StatPro Group PLC Financing facilities increase and extension

16/04/2019 7:00am

UK Regulatory (RNS & others)


Statpro (LSE:SOG)
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RNS Number : 2563W

StatPro Group PLC

16 April 2019

16 April 2019

StatPro Group PLC

Financing facilities increase and extension

StatPro Group plc ("StatPro", "the Group", AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has increased and extended its financing facilities with Wells Fargo Capital Finance.

The facility has been increased by adding an additional GBP5.2 million of committed facility and an additional GBP6 million of uncommitted capital. This secured financing facility is available for acquisitions, share buy-backs and general corporate purposes.

Following the increase, the total facilities are approximately GBP49.1 million and comprise:

   --    GBP10 million committed revolving credit facility 
   --    GBP29.1 million committed term/deferred drawdown multi-currency loans 
   --    GBP10 million uncommitted additional facility available 

The term for the committed facility has been extended to April 2024, subject to compliance with agreed covenants, primarily linked to recurring revenue, adjusted EBITDA and available liquidity. The financing costs are being amortised over the term of the loan.

Justin Wheatley, Group CEO, StatPro, commented:

"This increase and extension in our flexible financing facilities provide additional capacity for financing future acquisitions and also further strengthens the Group's long-term financial structure."

Enquiries:

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

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.

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 rns@lseg.com or visit www.rns.com.

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April 16, 2019 02:00 ET (06:00 GMT)

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