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StatPro lifts and extends financing

The group now has the resources for acquisitions, share buy-backs and general corporate purposes
April 16, 2019

StatPro (SOG) – a provider of cloud-based portfolio analytics and asset pricing for the asset management industry – has increased and extended its financing facilities with Wells Fargo Capital Finance. The enlarged facility includes an additional £5.2m committed facility and an additional £6m of uncommitted capital. Its total facilities now comprise around £49.1m and the term for the committed facility has been extended to April 2024.

IC TIP: Buy at 117p
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