Result of AGM

RNS Number : 2466O

CPPGroup Plc

28 May 2020

 

28 May 2020

CPPGROUP Plc

Result of AGM and completion of share consolidation

CPPGroup Plc ("the Company") held its Annual General Meeting at 11.00am on Thursday, 28th May at 6 East Parade, Leeds. LS1 2AD. 

The full results are set out below.

Resolutions		In Favour	%	Against	%	Withheld**
1	To receive and consider the reports of Directors, the Auditor's Report and the Financial Statements for the year ended 31 December 2019	469,084,875	99.99	4,852	0.01	317,249,143
2	To re-elect Jason Walsh as a director of the Company	469,082,540	99.99	19,687	0.01	317,236,643
3	To re-appoint Deloitte LLP as auditors of the Company	469,096,375	99.99	5,852	0.01	317,236,643
4	To authorise the Directors to set the  Auditor's remuneration	469,083,875	99.99	4,852	0.01	317,250,143
5	To consolidate all ordinary 1 penny shares in the capital of the Company into New Ordinary Shares of £1.00 each on the basis of 1 New Ordinary Share for every 100 existing 1 penny share	468,954,044	99.97	148,183	0.03	317,236,643
6	To authorise the directors to allot shares	468,955,879	99.97	146,348	0.03	317,236,643
7	To disapply pre-emption rights*	468,954,766	99.97	146,348	0.03	317,237,756
8	To authorise the Company to purchase its own shares*	469,081,927	99.99	6,687	0.01	317,250,256

*special resolutions

**A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' any of the resolutions

Details of resolution 5 relating to the share consolidation were set out in the Notice of AGM circulated on 28 April 2020.  With the passing of resolution 5 to approve the consolidation, application has been made to the London Stock Exchange plc for the re-admission to trading on AIM of a total of 8,741,351 ordinary shares of £1 each in the Company ("Admission"). Admission is expected to occur on 29 May 2020.

Following Admission, the new ISIN code for the Company's ordinary shares of £1 each will be GB00BMDX5Z93 and their new SEDOL code will be BMDX5Z9.

Enquiries:

CPPGroup Plc

Jason Walsh, Chief Executive Officer

[phone]

Lorraine Beavis, Group Company Secretary

Tel: [phone]

Nominated Adviser and Corporate Broker

Investec Bank plc: Sara Hale; Carlton Nelson

Tel: [phone]

About CPP

CPP Group is a partner focused, global product and services company, specialising in the financial services and insurance markets. We use our local knowledge from 12 country markets within Asia, Europe and Central America to provide our business partners with technology-led product, marketing and distribution expertise that deliver commercial benefits and bring meaningful solutions to over 10 million end customers worldwide.

CPP's diverse range of insurance and assistance products can be designed to suit the bespoke needs of our business partners through providing their customers with peace of mind by reducing the stresses of everyday life, ranging from protection of mobile phones, payment cards and household belongings to keeping travel plans moving and the monitoring of compromised personal data.

For more information on CPP visit https://international.cppgroup.com

REGISTERED OFFICE

CPPGroup Plc

6 East Parade

Leeds

LS1 2AD

Registered number: 07151159

 

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