CPPGroup Plc Statement re Issue of Proceedings (8376U)
April 11 2016 - 11:00AM
UK Regulatory
TIDMCPP
RNS Number : 8376U
CPPGroup Plc
11 April 2016
11 April 2016
CPPGroup plc
Issue of proceedings seeking an injunction against Mr Hamish
Ogston
CPPGroup PLC ("CPP" or the "Company") announces that it has
today issued proceedings in the High Court against Mr Ogston. As
part of those proceedings, CPP seeks an interim injunction against
Mr Hamish Ogston, who holds (either directly or through Milton
Magna Limited, his family investment vehicle) approximately 42.27
per cent. of the Company's shares.
The injunction is being sought to restrain Mr Ogston, whether by
himself or otherwise, from exercising or causing to be exercised
any voting rights attaching to his ordinary shares in the Company
(i) in support of the resolutions contained in the Requisition
Notice sent by Schroders and (ii) at any annual general meeting of
the Company so as to prevent or obstruct the re-appointment of
existing members of the Company's board of directors.
Enquiries:
CPPGroup Plc
Mike Corcoran, Chief Financial Officer
Tel: 01904 544 541
Nominated Adviser and Broker
Numis Securities Limited: Stuart Skinner; Charles Farquhar
Tel: +44 (0)20 7260 1000
Media
Powerscourt Group: Justin Griffiths; Peter Ogden
Tel: +44 (0)20 7250 1446
Notes to Editors
CPP provides a range of assistance based services to customers
in the UK & Ireland and in a number of international markets
across Asia, Europe and Latin America. The Company's core
propositions provide peace of mind for customers covering a range
of areas including lost and stolen credit cards, identity theft,
insurance of mobile devices, and passport and lost luggage
assistance.
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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