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Application has been made to the London Stock Exchange for the admission to AIM of a Block Listing of 16,375,000 ordinary shares of 1 penny each fully paid, and for these securities to be admitted to trading on the AIM market. The block listing is in respect of 1 penny ordinary shares that may fall to be issued under the CPPGroup Matching Share Plan. The ordinary shares will, upon issue, be fully paid and rank pari passu in all respects with the Company's existing issued ordinary shares. Admission is expected to occur on 17 June 2015.
This was always way too low. The big drop was actually from the mm who marked it massively down when the fresh £20 million investment for new shares hit the books at 3p each. Us long termers knew that the company was not doomed due to the fact the three people were willing to put another £20 million of their money in and you wouldn't do that if it was a dead would you.
Not to poke the board woofer. Let it bark every now and but please leave it be. Interesting day yesterday but not showing the same signs today on the trades. Nice to see volume though as it has been so low for such a long time.
CPP ANNOUNCES NEW I.T. SYSTEM TO SUPPORT TRANSFORMATION STRATEGY CPPGroup Plc (CPP or the Group), the International Assistance business, has selected SSP Limited (SSP), the leading provider of general insurance technology solutions, to provide a new single platform IT system across the international countries that it operates in. The new system will provide the core IT platform to support the Group's increasing focus on digital technology whilst improving the operational efficiency of the business. The SSP solution will initially be implemented in the UK, with a second phase of international deployment to follow. When fully embedded, the system will simplify and standardise processes across the business; provide compliant, robust governance controls and secure customer data storage; and support the development of a digital product portfolio. Charles Crawford, Chief Operating Officer at CPP, said: "The new IT system will provide a strong foundation on which we will build a digital-led future for CPP. Across the Group internationally, this will enable us to improve our service to customers and Business Partners in addition to making us more agile and efficient. By adopting a proven platform chosen by leading digital insurers, CPP will have a stronger competitive position in an increasingly digital world." Stephen Lathrope, Managing Director of Insurer Division at SSP said: "CPP undertook a robust and extensive search over a 12 month period to find the right partner and solution for their needs. We are delighted that CPP has chosen to work with SSP and put us at the heart of the business as it develops for the future."
I wrote war and peace, made an elephant jump, out muscled an ant pound for pound, won the world giraffe throwing competition, had a word with hitler and told him to calm down (I stopped the war), am currently changing winter to spring as my new year project, I invented electricity but gave it away as I don't like the lime light, and have done all this since my birth in 1968.