REG - CPPGroup PLC - Board Appointment and Review of AIM Listing Status

CPPGroupAnnouncement

20/01/2026 07:00

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RNS Number : 5848P  CPPGroup PLC  20 January 2026

20 January 2026

CPPGroup Plc

("CPP Group"; the "Group"; or the "Company")

Shareholder Update

Board Appointment

and

Review of AIM Listing Status

The Board of CPP Group (AIM: CPP) is pleased to report that overall Group
performance in the second half of 2025 remains in line with management
expectations. Blink Parametric, the Group's core InsurTech platform, continues
to deliver growth with existing partners and is actively pursuing new
commercial opportunities, whilst tightly managing its cost base.

As at 31 December 2025, the Group had cash of £5.6m and is due to receive
deferred consideration from the disposals of CPP India and CPP Turkey of
£4.6m in 2026 and £0.5m in 2027. The Board believes that near-to medium-term
funding requirements will be met from these existing cash resources and
disposal proceeds and remains satisfied that the Group has sufficient
resources for at least the next 12 months.

Notwithstanding the Group's operational progress, the Board recognises the
challenges faced by the Company in the context of the current UK public market
environment for small-cap companies such as CPP, including persistent
undervaluation, limited liquidity, and the ongoing costs and administrative
burden associated with maintaining a public listing.

 

The Board believes that benefits of remaining listed may no longer justify
these costs for a business of the Group's current size, and that the Group's
resources could be more effectively allocated to further advance the
development and commercialisation of Blink's technology. The Board believes
that a transition to a private company structure could further reduce
operational expenses, provide greater strategic flexibility, and broaden
access to capital should it be required in the future on more favourable
terms.

 

In light of these considerations, the Board is actively pursuing and carefully
assessing a range of strategic options to maximise long-term shareholder
value. These include, but are not limited to, a potential cancellation of the
admission of the Company's ordinary shares to trading on AIM ("Cancellation"),
subject to shareholder consultation and approval.

 

No decision has been made at this stage. Should the Board conclude that
pursuing a Cancellation and re-registration of the Company as a private
company is in the best interests of shareholders, a detailed circular setting
out the background, rationale, and implications of such a proposal will be
sent to shareholders. Any Cancellation would require the approval of not less
than 75% of votes cast by shareholders at a duly convened general meeting, in
accordance with Rule 41 of the AIM Rules for Companies.

 

The Group expects to announce its annual results for the year ended 31
December 2025 at the end of March 2026.

 

Board appointment

 

The Board is also pleased to announce the appointment of Brian Barter to the
Board as Executive Director, with immediate effect.

 

Brian was appointed as Chief Executive Officer at Blink Parametric in June
2025, and before this held senior positions at Accenture, Bank of Ireland and
more recently as Managing Director at BoatyardX (initially developed as part
of Shipyard Technology Ventures), a global software business that builds and
runs software for fintech, payments, e-commerce and IoT companies in Europe,
North America, South America, Africa and South East Asia. Here, he led the
company from inception to acquisition by Ergo in 2022 and steered the
successful integration of BoatyardX into the wider Ergo Group.

 

David Morrison, Chairman of CPP Group, commented:

"Brian Barter's appointment to the Board reflects the transformation of CPP
Group in the last year and the prime focus now on developing Blink Parametric.
Since he joined Blink last June, Brian has already had a notable impact on the
strategic objectives and plans for that company and I am delighted now to
welcome him to the Group board."

 

The following disclosures are provided in respect of Brian Clement Barter,
aged 41, pursuant to Schedule 2(g) of the AIM Rules for Companies. Brian does
not hold any ordinary shares in the capital of the Company.

 

 Current directorships / partnerships  Previous directorships / partnerships in last 5 years
 CPP Assistance Services Limited       Exante Consulting Limited

 CPPGroup Services Limited
 Blink Parametric Holdings Limited     BoatyardX Ltd

 Blink Parametric UK Limited           BoatyardX SAS

 CPP Innovation Limited                BoatyardX SRL

 Shaderow Limited                      BoatyardX Inc

                                       Clarrow, Inc

 

There are no further disclosures required in accordance with AIM Rule 17 or
Schedule 2(g) of the AIM Rules for Companies.

 

This announcement contains inside information. The person responsible for
arranging the release of this announcement on behalf of CPP Group is Sarah
Atherton, General Counsel and Company Secretary.

 

ENQUIRIES

 

CPPGroup plc

David Morrison,
Chairman
via H2 Radnor

Simon Pyper, Chief Financial
Officer                             Email:
info@h2radnor.com (mailto:info@h2radnor.com)

 
Tel: +44 (0)203 897 1830 (tel:%20+44%20(0)203%20897%201830)

 

Panmure Liberum

(Nominated Adviser and Sole
Broker)
Tel: +44 (0)20 310 2000

Corporate Finance:

Stephen Jones

Atholl Tweedie

Will King

 

About CPP Group:

CPP Group is a technology-driven assistance company that creates embedded and
ancillary real-time assistance products and resolution services that reduce
disruption to everyday life for millions of people across the world, at the
time and place they are needed. CPP Group is listed on AIM, operated by
the London Stock Exchange.

 

For more information on CPP visit https://corporate.cppgroup.com/
(https://corporate.cppgroup.com/)

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