Last checked at 24 Nov 2015 18:24

24 November 2015
CPPGroup plc
Director Shareholdings
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On 24 November 2015, under the terms of the Group's share incentive scheme, the CPPGroup Matching Share Plan (the "Plan"), 3,245,000Â ordinary shares of 1 penny each in CPPGroup Plc (the "Company") were acquired by Mr Michael Corcoran for a consideration of 3 pence per share. Mr Corcoran immediately sold 1,370,000 of those shares in order to settle the personal tax liability arising thereon. He has retained 1,875,000Â shares in the Company (the "Investment Shares").
Under the terms of the Plan, for each Investment Share purchased, the participant is awarded options over three "Matching Shares", with an exercise price of 1 penny per share. Accordingly, on the same date, Mr Corcoran was awarded options over 5,625,000 1 penny ordinary shares in the capital of the Company. These options are designed to support the business strategy by aligning management incentives to the creation of sustainable shareholder value.
The options will vest over a three-year period as follows:
Vesting Date | Proportion of award to vest |
First anniversary of grant date | 25% |
Second anniversary of grant date | 25% |
Third anniversary of grant date | 50% |
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Following the above acquisitions and awards, Mr Corcoran's' total interest in the Company's shares is as follows:
Ordinary shares held | 1,875,000 |
Interests in unvested shares under incentive plans | 5,625,000 |
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The total number of new shares issued by the Company and purchased under the Plan by Mr Corcoran and certain other senior employees on this date was 5,883,000 and the total options awarded over Matching Shares 12,360,000.
The total issued share capital of the Group, following the above issue of shares is 852,833,955.
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Enquiries:
CPPGroup Plc
Lorraine Beavis, Group Company Secretary
Tel: +44 (0)1904 545395
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Nominated Adviser and Broker
Numis Securities Limited: Stuart Skinner; Charles Farquhar
Tel: +44 (0)20 7260 1000
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Media
Tulchan Communications: Martin Robinson
Tel: +44 (0)20 7353 4200
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Notes to Editors
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CPPGroup Plc (CPP or the Group) is an international assistance business operating in the UK and overseas. CPP primarily operates a business-to-business-to-consumer (B2B2C) business model providing products and services to customers through Business Partners and direct to consumer. The Group's core assistance products help to provide security and are designed to make everyday life easier to manage.
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For more information on CPP visit www.cppgroupplc.com
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REGISTERED OFFICE
CPPGroup Plc
Holgate Park
York
YO26 4GA
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Registered number: 07151159
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