CPPGroup Plc Directorate Changes and Trading Update (1487P)
October 15 2021 - 2:00AM
UK Regulatory
TIDMCPP
RNS Number : 1487P
CPPGroup Plc
15 October 2021
15 October 2021
CPPGroup Plc
("CPP Group" or the "Company")
Directorate Changes and Trading Update
CPP Group (AIM: CPP), the multinational provider of personal
protection and insurance products and services, today announces
that Mark Hamlin and Timothy Elliott will be stepping down from the
Board and their positions as Non-Executive Directors and leaving
the Company with effect from 30 November 2021.
The Board plans to appoint two new independent non-executive
directors as soon as possible and will commence the search
immediately. Updates will be issued, as appropriate, in due
course.
Chairman, David Morrison, commented:
"I would like to thank Mark and Tim for their significant
contributions to the progress that has been made by the Company
over the last few years. I wish both of them all the best for their
future endeavours."
Trading update
The Group is pleased to note that it has made good progress in
Q3.
The Indian business has recovered strongly during Q3, following
the national lockdown in April and May, which is expected to
provide momentum for a good trading performance in Q4. Globiva, our
business process management company, has continued to grow during
the period.
The renewal performance in our UK and European back book
businesses has remained robust which continues to provide the Group
with reliable, albeit reducing, cash flows.
The Group's performance in Q3 and positive outlook gives the
Board confidence that the Company is trading in line with market
expectations for the full year.
Enquiries:
CPPGroup plc
Jason Walsh, Chief Executive Tel: +44 (0)77 6437 8580
Officer
Liberum Capital Limited
(Nominated Adviser and Sole Tel: +44 (0)20 3100 2000
Broker)
Richard Lindley
Lauren Kettle
Kane Collings
Christopher Whitaker
---------------------------
Alma PR
(Financial PR Adviser) Tel: +44 (0)20 3405 0205
Josh Royston
David Ison
Kieran Breheny
Faye Calow
---------------------------
About CPP Group:
CPP Group takes away many of the stresses and strains of daily
life for millions of people across the globe. In collaboration with
selected partners in each country in which the Group operates, it
develops, aggregates, offers and supports a range of personal
protection and insurance products, which are sold alongside, or
packaged with, the core product offerings of the Group's partners.
CPP is listed on AIM, operated by the London Stock Exchange.
For more information on CPP visit
https://international.cppgroup.com/
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END
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