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If you look closely at the rns you will see that three people stumped up the 20 million. Schoders, Phoneix and the founder Hamish all put extra cash into the company. You can see this from the distribution of the new issue shares on the rns. Rns section below. Before admission shares held (percentage of Company shares held): - Mr Hamish Ogston: 96,331,789 (56.1%) - Schroder Investment Management Ltd: 22,310,544 (13.0%) - Phoenix Asset Management Partners Ltd: 0 (0%) - Mr Tariq Rashid 5,500,000: (3.2%) Following admission shares held (percentage of Company shares held): - Mr Hamish Ogston: 360,476,141 (43.0%) - Schroder Investment Management Ltd: 83,747,829 (9.99%) - Phoenix Asset Management Partners Ltd: 335,326,643 (40.0%) - Mr Tariq Rashid 5,500,000 (<3.0%)
A few good rns issues would help. Seen a few low value shares on this trading platform explode on good ones. It made sense that Brent left as he had suddenly popped up in all the papers talking the talk (self publicity for his next role). Did that fella really have a million or was it bully?
From the last update they were hopeful that the fca were removing the uk bar q1 next year. Then new contracts can be chased with the banks, etc in the uk. But in all honesty the overseas markets are the best option this year.
CPPGroup Plc (CPP or the Group) today announces that Brent Escott has stepped down from his role as Chief Executive Officer with immediate effect. A process to identify a new Chief Executive Officer for the Group will commence immediately and in the interim, Eric Anstee will assume the role of Executive Chairman. During the transition period, Craig Parsons, Group Chief Financial Officer and Charles Crawford, Group Chief Operating Officer will report to Eric Anstee directly. Since his appointment in August 2013 as Chief Executive Officer, Brent has successfully stabilised CPP, improved processes, strengthened regulatory relationships and significantly reduced the Group's cost base. As the Group moves forward to the next stage of its development with a clear focus to realise the future commercial opportunities that exist, the Board believes this is best undertaken by new leadership. Eric Anstee, Executive Chairman, commented: "The Group has progressed during Brent's tenure and under his leadership and guidance CPP has been successfully repositioned for the future. On behalf of the Board, I would like to express our thanks to Brent for his leadership and contribution and we wish him every success in the future."
http://www.yorkpress.co.uk/business/news/11788752.CPP_looks_to_move_forward_following_new_listing/