Last checked at 28 May 2020 12:32
28 May 2020
CPPGROUP Plc
Result of AGM and completion of share consolidation
CPPGroup Plc ("the Company") held its Annual General Meeting at 11.00am on Thursday, 28th May at 6 East Parade, Leeds. LS1 2AD.
The full results are set out below.
Resolutions | In Favour | % | Against | % | Withheld** | |
1 | To receive and consider the reports of Directors, the Auditor's Report and the Financial Statements for the year ended 31 December 2019 | 469,084,875 | 99.99 | 4,852 | 0.01 | 317,249,143 |
2 | To re-elect Jason Walsh as a director of the Company | 469,082,540 | 99.99 | 19,687 | 0.01 | 317,236,643 |
3 | To re-appoint Deloitte LLP as auditors of the Company | 469,096,375 | 99.99 | 5,852 | 0.01 | 317,236,643 |
4 | To authorise the Directors to set the Auditor's remuneration | 469,083,875 | 99.99 | 4,852 | 0.01 | 317,250,143 |
5 | To consolidate all ordinary 1 penny shares in the capital of the Company into New Ordinary Shares of £1.00 each on the basis of 1 New Ordinary Share for every 100 existing 1 penny share | 468,954,044 | 99.97 | 148,183 | 0.03 | 317,236,643 |
6 | To authorise the directors to allot shares | 468,955,879 | 99.97 | 146,348 | 0.03 | 317,236,643 |
7 | To disapply pre-emption rights* | 468,954,766 | 99.97 | 146,348 | 0.03 | 317,237,756 |
8 | To authorise the Company to purchase its own shares* | 469,081,927 | 99.99 | 6,687 | 0.01 | 317,250,256 |
*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
Details of resolution 5 relating to the share consolidation were set out in the Notice of AGM circulated on 28 April 2020. With the passing of resolution 5 to approve the consolidation, application has been made to the London Stock Exchange plc for the re-admission to trading on AIM of a total of 8,741,351 ordinary shares of £1 each in the Company ("Admission"). Admission is expected to occur on 29 May 2020.
Following Admission, the new ISIN code for the Company's ordinary shares of £1 each will be GB00BMDX5Z93 and their new SEDOL code will be BMDX5Z9.
Enquiries:
CPPGroup Plc
Jason Walsh, Chief Executive Officer
+44 (0)7764 378580
Lorraine Beavis, Group Company Secretary
Tel: +44 (0)113 487 7366
Nominated Adviser and Corporate Broker
Investec Bank plc: Sara Hale; Carlton Nelson
Tel: +44 (0) 20 7597 4000
About CPP
CPP Group is a partner focused, global product and services company, specialising in the financial services and insurance markets. We use our local knowledge from 12 country markets within Asia, Europe and Central America to provide our business partners with technology-led product, marketing and distribution expertise that deliver commercial benefits and bring meaningful solutions to over 10 million end customers worldwide.
CPP's diverse range of insurance and assistance products can be designed to suit the bespoke needs of our business partners through providing their customers with peace of mind by reducing the stresses of everyday life, ranging from protection of mobile phones, payment cards and household belongings to keeping travel plans moving and the monitoring of compromised personal data.
For more information on CPP visit https://international.cppgroup.com
REGISTERED OFFICE
CPPGroup Plc
6 East Parade
Leeds
LS1 2AD
Registered number: 07151159