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The sites that report buys and sells (ie this one) have no idea whether a transaction is a buy or sell. They guess based on the current bid and ask. So if you get a cracking cheap offer to buy it will think that order is a sell.
It's just maths. There have been more sells than buys as so far as there has been no news from the camp. Hopefully there will be soon but I for one would rather they got on with removing the vvop than keep shouting with rns statements. On Aim the share price is not adjusted on rumour but only purchases, sales and additional share issues.
Have offered 1p a share if i thought I could buy the company for that and so would any of us. He tried a cheeky offer that didn't come off and now can't take the company private unless he buys out the two other big share holders and they will not sell unless they get very good dollar. So the chances of hamish owning this company again are slim. For the change it had to happen as those board members were just lining their own pockets and the major share holders already knew of the boards plans to award themselves more money for doing nothing. Also those board members were stopping the uk ban being lifted as refused to sign the fca agreement that they would be liable if the company broke the rules again. Hamish wants to make money and would only put people in place that would be prepared to sign the agreement with the fca. Plus as this was a deal between hamish and schroders these board members will be picks between them rather than just hamish's boys.
Result of General Meeting of Shareholders CPPGroup Plc (the "Company"), the international assistance business, announces that all resolutions proposed to Shareholders at its General Meeting held earlier today were duly passed. The resolutions, proposed in a requisition notice served on the Company on 18 March 2016 by Schroder Investment Management Limited ("Schroders"), called for four Directors of the Company (being Stephen Callaghan, Chief Executive Officer; Roger Canham, non-executive Chairman; Shaun Astley-Stone, non-executive director; and Abhai Rajguru, non-executive director) to be removed from the Board of Directors of the Company, and that Sir Richard Douglas Lapthorne, Nicholas Ian Cooper and Mark William Hamlin be appointed to the Company's Board. Following the result of today's General Meeting, the above-mentioned changes to the CPPGroup Board of Directors become effective immediately. Further appointments to the Board will be made in due course.
The Group is focused on its strategic priorities, which support its existing revenue, new income generation and growth ambitions. Following discussions with the FCA, the Company must demonstrate that management practices and shareholder influence of the past no longer exist, before reinstatement of regulatory permissions in the UK will be considered. Reinstatement of regulatory permissions remains a key part of the Group's plans. Challenges and risks remain in the execution and delivery of the Group's strategic plans. However the Group remains absolutely confident in the direction the business is heading and the progress it is making. Driven by the new leadership team, the Group has made significant financial and operational progress in 2015. The Requisition (detailed in the Chairman's Statement) filed by Schroder Investment Management Limited on 21 March 2016, if successful, will likely have a detrimental impact on the future strategy and performance of the business. Stephen Callaghan, Chief Executive Officer, commented: "We have made significant progress in 2015, highlighted by our strong overall performance, including a substantial uplift in our profitability over the prior year. These results reflect a new beginning for CPP. We now have the right leadership team in place, supported by over 700 great colleagues and a similar number of dedicated customer service agents. I would like to thank them for embracing the challenges with such enthusiasm and personal commitment. It is the quality and dedication of our people that gives me such confidence in our future."
It's conspiracy theory's all round. Not been on for a bit and have missed all the fun. If you look at the share deals for directors etc on Pdf (recent rns) you will see exactly the same as Cpp. They all do it. As for our Lady leaving have you seen how many companies she is non exec for? Loads of em so no wonder she is signing off on a few. The upside is she invested before leaving so she is positive that is money well spent as she would not if it was the end of the world for cpp i think. And it's more money saved which is most likely why she left / was asked to leave.
Roger Canham, Chairman of CPPGroup commented: "Under Stephen's leadership, CPP is undertaking an operational turnaround and is implementing a growth strategy to seize the substantial market opportunity that exists for this business. "As part of this, we have put in place an objective and transparent incentivisation structure for our senior management team, designed to attract and retain the best talent available, and closely align their performance with the interests of our shareholders."
The Company announces that on 23 December 2015 Ruth Evans, an independent non-executive director of the Company, purchased 208,571 ordinary shares in the Company at a consideration of 11.9 pence per share. This purchase results in Ruth Evans being interested in a total of 208,571 ordinary shares in the Company, representing 0.02% of the 852,833,955 ordinary shares currently in issue.
CPPGroup plc (CPP or the Group), the international assistance business, is pleased to announce that, following receipt of regulatory approval, Abhai Rajguru has been appointed as a Non-Executive Director of the Group. It is also intended that Abhai will be appointed as Chairman of the Audit Committee. Abhai has extensive experience at a senior level in the financial services sector. He is currently an Independent Member of the Audit Committee of Her Majesty's Treasury, Chairman of Alexander Rosse and Director of DBV Finance. Roger Canham, Non-Executive Chairman, commented: "I am delighted to welcome Abhai to CPP and believe his broad experience will enable him to make a significant contribution to the Board as it continues to develop the Group's future strategy."
CPP then returned to profitability in 2015 reporting underlying operating profit of more than £2 million for the half year. Chief executive "The staff, our colleagues, have been the most important in this award, they have been on a journey in the last few years which has been an arduous one. "We are just starting again this year. When we get an external award like this it is a real win. The Institute for Turnaround is probably one of the most respected institutes across Europe. Share article "We talk about crawl, walk, run, and we will be finishing our crawling phase at the end of year, position ourself for future development." The judges said they were unanimous in reaching their decision, and talked about a strong moral compass and innovative drive at CPP.
How do you know he isn't? Are you sat next to him every day? He would have been stupid not to take what the company offered (I would have taken it too) but he has been put in place with this scheme to make money for himself if he produces the goods. yea missed the 1 off the from of my price from my earlier post! makes it a massive ramp lol
The mm already knows this as it is in the rns ages ago so doesn't have to notice anything and price down as the price already has this built in as a known. Now if he wanted to sell everything that's a different matter but as we already know Schod's will hoover these up gladly.
This isn't something new. He was signed up to this package ages ago as his salary and since he has taken over the running of the share price it has gone from 4.5p to hovering around 15p. You should be thanking him. It is in his interest to get the share price as high as possible which will also benefit you.