Last checked at 28 Apr 2021 11:47
28 April 2021
CPPGroup Plc
("CPP Group" or the "Company")
Trading Update and Result of AGM
The Company held its Annual General Meeting at 11.00am on Wednesday 28th April at 6 East Parade, Leeds, LS1 2AD at which all resolutions were passed.
The full results are set out below.
Resolutions | In Favour | % | Against | % | Withheld** | |
1 | To receive and consider the reports of the Directors and the Auditor and the Financial Statements for the year ended 31 December 2020.
| 7,907,138 | 100 | 0 | 0 | 0 |
2 | To re-elect Mark Hamlin as a Director of the Company.
| 7,888,358 | 99.76 | 18,780 | 0.24 | 0 |
3 | To re-elect Tim Elliott as a Director of the Company.
| 7,907,113 | 99.99 | 25 | 0.01 | 0 |
4 | To re-elect Oliver Laird as a Director of the Company.
| 7,907,113 | 99.99 | 25 | 0.01 | 0 |
5 | To elect David Morrison as a Director of the Company.
| 7,907,113 | 99.99 | 25 | 0.01 | 0 |
6 | To elect Simon Thompson as a Director of the Company.
| 7,888,363 | 99.76 | 18,775 | 0.24 | 0 |
7 | To re-appoint Deloitte LLP as Auditor of the Company to hold office from the conclusion of the Meeting until the next Annual General Meeting at which the accounts are laid before the Company.
| 7,906,904 | 99.99 | 234 | 0.01 | 0 |
8 | To authorise the Directors to set the Auditor's remuneration.
| 7,906,904 | 99.99 | 224 | 0.01 | 10 |
9 | To declare a final dividend of 25 pence per share for the year ended 31 December 2020 to be paid on 12 May 2021 to the holders of shares on the register of members at the close of business on 9 April 2021.
| 7,907,138 | 100 | 0 | 0 | 0 |
10 | To authorise the Directors to allot shares.
| 7,907,108 | 99.99 | 30 | 0.01 | 0 |
11 | To disapply pre-emption rights*.
| 7,905,004 | 99.97 | 2,184 | 0.03 | 0 |
12 | To authorise the Company to purchase its own shares*.
| 7,907,068 | 99.99 | 120 | 0.01 | 0 |
13 | To adopt new Articles of Association of the Company*. | 7,907,158 | 99.99 | 25 | 0.01 | 5 |
*special resolutions
**A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' any of the resolutions.
Jason Walsh, CPP Group Chief Executive, commented: "Overall the trading performance of the Group in the first three months has been in line with expectations and we remain positive about the outlook, subject to the impact of Covid-19 in some of our markets. Our thoughts go out to our partners, colleagues and customers in those markets which continue to be badly impacted by the virus, particularly in India. As a Group we are watching developments closely and are ready to offer whatever support we can.
The interim results are due to be published at the end of August in respect of the first six months of 2021, with a trading update due to be issued in July."
Enquiries:
CPPGroup plc Jason Walsh, Chief Executive Officer Sarah Atherton, Company Secretary
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Tel: +44 (0)77 6437 8580 Tel: +44 (0)113 4877 367
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Liberum Capital Limited (Nominated Adviser and Sole Broker) Richard Lindley Lauren Kettle Kane Collings Christopher Whitaker
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Tel: +44 (0)20 3100 2000
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Alma PR (Financial PR Adviser) Josh Royston Caroline Forde David Ison |
Tel: +44 (0)20 3405 0205 |
About CPP
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
REGISTERED OFFICE
CPPGroup Plc
6 East Parade
Leeds
LS1 2AD
Registered number: 07151159