TIDMCPP

RNS Number : 1734F

CPPGroup Plc

13 November 2020

13(th) November 2020

CPP Group plc

("CPP Group" or "the Group")

Appointment of Non-Executive Director

CPP Group (AIM:CPP), the international products and services business, today announces David Morrison has joined its Board as a non-independent non-executive director.

David brings more than 35 years' experience of active engagement in both private and public companies.

In 1999, he founded Prospect Investment Management, which was responsible for making a range of investments on behalf of its clients, and in early stage companies including PayPoint Plc, Venture Production Plc and MessageLabs Group, of which he was chairman prior to its sale.

In addition to those companies, he has sat on the board of several private and public companies both in the UK and elsewhere.

He will operate in a non-independent capacity as a representative of Hamish Ogston, CPP's founder and largest shareholder, and will sit on the Board's Audit and Risk & Compliance Committees.

Sir Richard Lapthorne, CPP Group Chairman, said:

"I am very pleased to welcome someone of David's calibre to our Board and look forward to the contribution he will make. His extensive experience in corporate roles will give us valuable insight as we continue to grow our business across the world."

David Morrison, incoming Non-Executive Director, said:

"CPP Group has demonstrated a strong track record in adding considerable value to its business partners and their customers. This has included investing in, or acquiring, start-up ventures and helping them grow to become significant contributors to the Group's success. It is an exciting time for the business and I am looking forward to contributing to the Group's ongoing growth."

Further information:

David John Morrison, 61, is or has been a director in the following companies during the past five years:

Current directorships

The Garden Museum

Strategic Equity Capital Plc

Abbotts Ann Farming Limited

Templeco 684 Limited

Maris Ltd

Singula Decisions Limited

The Houghton Club Limited

Prospect Investment Management Limited

PIML Properties Limited

Previous directorships

Be Heard Group Limited

The Corner Communications (London) Limited

Record Plc

Record Treasury Management Limited

Paypoint Plc

Mondis Technology Limited

Snoozebox Holdings Plc

Grupa Duon SA (Formerly KRI and CP Energia)

David Morrison was a non-executive director of Patrizia Wigan plc, a privately owned company, which went into receivership in June 1992. Unpaid creditors, predominantly shareholder loans, amounted to GBP583,109. David Morrison was also a non-executive director of Purepower Group Limited, a privately owned company, which was placed into voluntary liquidation on 25 November 2011.

The Board confirms that no further disclosures are required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies in respect of the proposed appointment of David Morrison to the Board of CPP Group plc.

Enquiries:

 
 CPP Group plc                                               via Alma PR 
 Jason Walsh, CEO 
 Oliver Laird, CFO 
  Lorraine Beavis, Group Company Secretary 
 
 Investec Bank plc (Nominated Adviser & Corporate Broker)    +44 (0)20 7597 5970 
 Sara Hale 
 Carlton Nelson 
 
 Alma PR (Financial PR Adviser)                              +44 (0)20 3405 0205 
 Josh Royston                                                cpp @almapr.co.uk 
  Caroline Forde 
  David Ison

About CPP Group:

CPP Group makes millions of lives easier and better protected. We partner with large scale companies across the globe to understand their customers' needs and meet them through a range of popular ancillary products and services which add value to their core business. Specialising in the financial services and insurance sectors, we achieve long-term, sustainable growth through innovation, specialist digital capability and a culture that brings out the best in our people. We are listed on AIM, operated by the London Stock Exchange.

You can find out more about us at our website .

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