CPPGroup Plc Statement re Issue of Proceedings (8376U)

TIDMCPP

RNS Number : 8376U

CPPGroup Plc

11 April 2016

CPPGroup plc

Issue of proceedings seeking an injunction against Mr Hamish Ogston

CPPGroup PLC ("CPP" or the "Company") announces that it has today issued proceedings in the High Court against Mr Ogston. As part of those proceedings, CPP seeks an interim injunction against Mr Hamish Ogston, who holds (either directly or through Milton Magna Limited, his family investment vehicle) approximately 42.27 per cent. of the Company's shares.

The injunction is being sought to restrain Mr Ogston, whether by himself or otherwise, from exercising or causing to be exercised any voting rights attaching to his ordinary shares in the Company (i) in support of the resolutions contained in the Requisition Notice sent by Schroders and (ii) at any annual general meeting of the Company so as to prevent or obstruct the re-appointment of existing members of the Company's board of directors.

Enquiries:

CPPGroup Plc

Mike Corcoran, Chief Financial Officer

Tel: 01904 544 541

Nominated Adviser and Broker

Numis Securities Limited: Stuart Skinner; Charles Farquhar

Tel: +44 (0)20 7260 1000

Media

Powerscourt Group: Justin Griffiths; Peter Ogden

Tel: +44 (0)20 7250 1446

Notes to Editors

CPP provides a range of assistance based services to customers in the UK & Ireland and in a number of international markets across Asia, Europe and Latin America. The Company's core propositions provide peace of mind for customers covering a range of areas including lost and stolen credit cards, identity theft, insurance of mobile devices, and passport and lost luggage assistance.

For more information on CPP visit www.cppgroupplc.com

REGISTERED OFFICE

CPPGroup Plc

Holgate Park

York

YO26 4GA

Registered number: 07151159

This information is provided by RNS

The company news service from the London Stock Exchange

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