StatPro Group PLC (LON:SOG) is considering an appeal to the French Supreme Court after the Court of Appeal in Paris found in favour of shareholders in SiSoft as part on an ongoing legal dispute regarding an acquisition of a minority interest in the company.
StatPro, which provides portfolio analytics and asset pricing services, said after market closed on Wednesday that the ruling by the Court of Appeal required it to pay the relevant SiSoft shareholders around €835,000 in additional consideration as well as a further €133,000 in expenses.
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The company said the ruling would not impact its adjusted profitability and the charge would be reflected in its 2019 accounts.
The dispute relates to an option agreement StatPro exercised in 2010 to acquire the 49% minority interest in SiSoft. The non-controlling shareholders, consisting of two parties owning 55% and 45% of the minority interest, disputed elements of the calculation of the deferred consideration and the matter has since then been progressing through the French court system.
In mid-morning trading on Thursday, StatPro shares were 4.4% lower at 121p.
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