CPPGroup Plc CPP TO CEASE PROVISION OF AIRPORT LOUNGE ACCESS (2895O)
May 27 2015 - 2:00AM
UK Regulatory
TIDMCPP
RNS Number : 2895O
CPPGroup Plc
27 May 2015
CPPGROUP PLC
27 May 2015
CPP TO CEASE THE PROVISION OF AIRPORT LOUNGE ACCESS SERVICES
CPPGroup Plc (CPP or the Group), the International Assistance
business, announces that as part of its plans to increase the focus
of the Group's operations it intends to cease providing airport
lounge access services currently marketed under the Airport Angel
brand. In the intervening period the Group will continue to ensure
a high quality of service is provided to existing customers.
The closure of Airport Angel is not anticipated to have a
material impact on the Group's expected profitability in 2015 or
beyond.
Stephen Callaghan, interim Chief Executive Officer, commented:
"The decision to cease providing airport lounge access services is
a further step forward towards CPP becoming a more focused,
sustainable and profitable business."
[ENDS]
Enquiries
CPPGroup Plc
Stephen Callaghan, interim Chief Executive Officer
Craig Parsons, Chief Financial Officer
Tel: +44 (0)1904 544500
Media
Tulchan Communications LLP
Martin Robinson
Tel: +44 (0)20 7353 4200
Nominated Adviser and Broker
Numis Securities Limited
Robert Bruce
Stuart Skinner
Charles Farquhar
Tel: +44 (0)20 7260 1000
Notes to Editors
CPPGroup Plc (CPP or the Group) is an international assistance
business operating in the UK and overseas. CPP primarily operates a
business-to-business-to-consumer (B2B2C) business model providing
products and services to customers through Business Partners and
direct to consumer. The Group's core assistance products help to
provide security and are designed to make everyday life easier to
manage.
As announced on 15 April 2015, Stephen Callaghan's appointment
as interim Chief Executive Officer is pending regulatory
approval.
For more information on CPP visit www.cppgroupplc.com
REGISTERED OFFICE
CPPGroup Plc
Holgate Park
York
YO26 4GA
Registered number: 07151159
This information is provided by RNS
The company news service from the London Stock Exchange
END
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