TIDMSOG
RNS Number : 4811O
StatPro Group PLC
17 May 2018
17 May 2018
StatPro Group PLC
Proposed secondary placing of existing shares
Not for publication, distribution or release directly or
indirectly, in whole or in part, in or into the United States,
Australia, Canada, Japan or Republic of South Africa or in any
other jurisdiction in which offers or sales would be prohibited by
applicable law. Further, this announcement is not an offer to sell
or a solicitation to buy securities in any jurisdiction, including
the United States, Australia, Canada, Japan or Republic of South
Africa. Neither this announcement nor anything contained herein
shall form the basis of, or be relied upon in connection with, any
offer or commitment whatsoever in any jurisdiction. PLEASE SEE THE
IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. In addition, market
soundings were taken in respect of the matters contained in this
announcement, with the result that certain persons became aware of
such inside information prior to the date of this announcement.
Upon the publication of this announcement, this inside information
is now considered to be in the public domain and such persons shall
therefore cease to be in possession of inside information.
Proposed secondary placing of existing shares in StatPro Group
plc
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 today that it has been notified by Justin Wheatley, Chief
Executive Officer of the Company, of his intention to sell 665,000
ordinary shares of 1 pence each of the Company (the "Placing
Shares"), representing approximately 1 per cent. of the Company's
issued share capital, by way of a proposed placing (the "Placing").
The price at which the Placing Shares are to be placed is expected
to be 165 pence per ordinary share.
The Placing Shares will be offered through an accelerated
bookbuild to be carried out by Panmure Gordon (UK) Ltd ("Panmure
Gordon") (the "Offering"). The books for the Offering will open
with immediate effect.
Certain directors of the Company intend to purchase shares in
the Placing.
Justin Wheatley currently holds 7,480,722 ordinary shares in the
Company, representing approximately 11.4 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.
The Company is not a party to the Placing and will not receive
any proceeds from the Placing.
Enquiries:
StatPro Group plc Tel: +44 (0) 20 8410
Justin Wheatley, Chief Executive 9876
Andrew Fabian, Finance Director
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Panmure Gordon (UK) Limited - Nomad and Tel: +44 (0) 20 7886
Broker 2500
Corporate Finance - Freddy Crossley /
Fabien Holler
Corporate Broking - James Stearns
---------------------------------------- ---------------------
Instinctif Partners Tel: +44 (0) 20 7457
Adrian Duffield / Chris Birt 2020
---------------------------------------- ---------------------
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.
Notes:
The distribution of this announcement and the offer and sale of
the Placing Shares in certain jurisdictions may be restricted by
law. The Placing Shares may not be offered to the public in any
jurisdiction in circumstances which would require the preparation
or registration of any prospectus or offering document relating to
the Placing Shares in such jurisdiction. No action has been taken
that would permit an offering of the Placing Shares or possession
or distribution of this announcement or any other offering or
publicity material relating to such securities in any jurisdiction
where action for that purpose is required.
This announcement is not for publication, distribution or
release, directly or indirectly, in or into the United States of
America (including its territories and dependencies, any State of
the United States and the District of Columbia), Australia, Canada,
Japan or Republic of South Africa or any other jurisdiction where
such an announcement would be unlawful. The distribution of this
announcement may be restricted by law in certain jurisdictions and
persons into whose possession this document or other information
referred to herein comes should inform themselves about and observe
any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such
jurisdiction.
The securities referred to herein have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act"), and may not be offered or sold in the United
States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities
Act. Neither this document nor the information contained herein
constitutes or forms part of an offer to sell or the solicitation
of an offer to buy securities in the United States. There will be
no public offer of any securities in the United States or in any
other jurisdiction.
In member states of the European Economic Area ("EEA") which
have implemented the Prospectus Directive (each, a "Relevant Member
State"), this announcement and any offer if made subsequently is
directed exclusively at persons who are 'qualified investors'
within the meaning of the Prospectus Directive ("Qualified
Investors"). For these purposes, the expression 'Prospectus
Directive' means Directive 2003/71/EC (and amendments thereto,
including the 2010 PD Amending Directive, to the extent implemented
in a Relevant Member State), and includes any relevant implementing
measure in the Relevant Member State and the expression '2010 PD
Amending Directive' means Directive 2010/73/EU. In the United
Kingdom this announcement is directed exclusively at Qualified
Investors (i) who have professional experience in matters relating
to investments falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as
amended (the "Order") or (ii) who fall within Article 49(2)(A) to
(D) of the Order, and (iii) to whom it may otherwise lawfully be
communicated.
In connection with any offering, Panmure Gordon and any of its
affiliates acting as an investor for their own account may take up
as a proprietary position any Placing Shares and in that capacity
may retain, purchase or sell for their own account such Placing
Shares. In addition they may enter into financing arrangements and
swaps with investors in connection with which they may from time to
time acquire, hold or dispose of Placing Shares. Panmure Gordon
does not intend to disclose the extent of any such investment or
transactions otherwise than in accordance with any legal or
regulatory obligation to do so.
Panmure Gordon, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting on behalf of
Mr Justin Wheatley and no one else in connection with any offering
of the Placing Shares and will not be responsible to any other
person for providing the protections afforded to any of its clients
or for providing advice in relation to any offering of the Placing
Shares. Panmure Gordon will not regard any other person as their
client in relation to the offering of the Placing Shares.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEFKODQQBKDOPD
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