REG - CPPGroup PLC - Company Update

CPPGroupAnnouncement

16/03/2026 07:00

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RNS Number : 7500W  CPPGroup PLC  16 March 2026

16 March 2026

 

CPPGroup Plc

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

 

COMPANY UPDATE

 

The Board of CPP is providing the following update in relation to the
contingent deferred consideration of up to US$5 million provided for under the
Sale and Purchase Agreement ("SPA") for the sale of CPP India to OneAssist
Consumer Solutions Private Limited and Bolttech Device Protection India
Private Limited (the "Buyers"), which completed on 17 September 2025.

 

CPP has received notification from the Chief Executive of OneAssist Consumer
Solutions Private Limited informing the Group that they do not expect to pay
any of the deferred consideration.

 

Under the terms of the SPA, the deferred consideration was contingent on the
satisfaction of agreed performance conditions, including provision for the
deferred consideration to cease to be payable in the event that a specific
customer, a large Indian retail and commercial bank, was restrained from
conducting all renewal business with CPP India within a prescribed period post
completion.

 

Whilst notification has been provided by the Buyers, the Company is
considering the terms of such notice under the provisions of the SPA. However,
and on the basis that the deferred consideration is not forthcoming, the Group
will now require additional funding within the next 12 months.

 

Notwithstanding the receipt, or otherwise, of any of the deferred
consideration, the Board has been in discussions with existing shareholders
and potential investors regarding raising fresh funds to provide the Group
with sufficient resources to fund its operating requirements and Group
liabilities including ongoing development of Blink Parametric, the Group's
InsurTech business. These discussions are ongoing.

 

Further to the announcement of 20 January 2026, the Board continues to
actively pursue and assess a range of strategic options in the best interests
of the business and to maximise long-term shareholder value.

 

The Group expects to announce its preliminary results for the year ended 31
December 2025 on 14 May 2026.

 

The Group continues to trade in line with management expectations, with Blink
adding a number of new customers early this year.

 

A further announcement will be made in due course.

 

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                      Email: info@h2radnor.com
(mailto:info@h2radnor.com)

Simon Pyper, Chief Financial
Officer                              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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