TIDMCPP

RNS Number : 8493G

CPPGroup Plc

24 November 2015

24 November 2015

CPPGroup plc

Director Shareholdings

On 24 November 2015, under the terms of the Group's share incentive scheme, the CPPGroup Matching Share Plan (the "Plan"), 3,245,000 ordinary shares of 1 penny each in CPPGroup Plc (the "Company") were acquired by Mr Michael Corcoran for a consideration of 3 pence per share. Mr Corcoran immediately sold 1,370,000 of those shares in order to settle the personal tax liability arising thereon. He has retained 1,875,000 shares in the Company (the "Investment Shares").

Under the terms of the Plan, for each Investment Share purchased, the participant is awarded options over three "Matching Shares", with an exercise price of 1 penny per share. Accordingly, on the same date, Mr Corcoran was awarded options over 5,625,000 1 penny ordinary shares in the capital of the Company. These options are designed to support the business strategy by aligning management incentives to the creation of sustainable shareholder value.

The options will vest over a three-year period as follows:

 
 Vesting Date                   Proportion 
                                 of award 
                                 to vest 
-----------------------------  ----------- 
 First anniversary of grant 
  date                          25% 
-----------------------------  ----------- 
 Second anniversary of grant 
  date                          25% 
-----------------------------  ----------- 
 Third anniversary of grant 
  date                          50% 
-----------------------------  -----------

Following the above acquisitions and awards, Mr Corcoran's' total interest in the Company's shares is as follows:

 
 Ordinary shares held            1,875,000 
------------------------------  ---------- 
 Interests in unvested shares 
  under incentive plans          5,625,000 
------------------------------  ----------

The total number of new shares issued by the Company and purchased under the Plan by Mr Corcoran and certain other senior employees on this date was 5,883,000 and the total options awarded over Matching Shares 12,360,000.

The total issued share capital of the Group, following the above issue of shares is 852,833,955.

Enquiries:

CPPGroup Plc

Lorraine Beavis, Group Company Secretary

Tel: +44 (0)1904 545395

Nominated Adviser and Broker

Numis Securities Limited: Stuart Skinner; Charles Farquhar

Tel: +44 (0)20 7260 1000

Media

Tulchan Communications: Martin Robinson

Tel: +44 (0)20 7353 4200

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.

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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(END) Dow Jones Newswires

November 24, 2015 13:24 ET (18:24 GMT)

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