REG - CPPGroup Plc - Directorate Changes and Trading Update

CPPGroupAnnouncement

15/10/2021 07:05

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 Officer     
 


 
Tel: +44 (0)77 6437 8580
 




Liberum Capital Limited
(Nominated Adviser and Sole Broker)
Richard Lindley
Lauren Kettle
Kane Collings
Christopher Whitaker
 


 
Tel: +44 (0)20 3100 2000
 
 
 
 




Alma PR 
(Financial PR Adviser)
Josh Royston
David Ison
Kieran Breheny
Faye Calow


 
Tel: +44 (0)20 3405 0205



 
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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