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 +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.
END
DSHSELFLMFUSEIM
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