RNS Number : 6938Z
CPPGroup PLC
17 September 2025
 

17 September 2025

 

CPPGroup Plc

("CPP Group", the "Group" or the "Company")

 

Completion of Disposal of CPP India


Further to the announcement on 15 September 2025, CPP Group is pleased to announce that the sale by the Group of CPP India for a total cash consideration of up to US$20.0 million completed on 17 September 2025 and the up-front consideration of US$15.0 million, net of Indian taxation, was received on completion.


Completion of the transaction enables the Group to focus on its digitally focused InsurTech business, Blink and to accelerate investment to support Blink's commercial and technology roadmap.


Defined terms used in this announcement have the same meaning where defined in the Company's RNS announcement dated 15 September 2025.


Notice of half year results

The Group intends to announce its half year report for the six months ended 30 June 2025 on 29 September 2025.

 

ENQUIRIES

 

CPPGroup plc

Simon Pyper, Chief Executive Officer                                             via Alma Strategic Communications

David Bowling, Chief Financial Officer

 

Panmure Liberum

(Nominated Adviser and Sole Broker)                                                      Tel: +44 (0)20 310 2000

Corporate Finance:

Stephen Jones

Atholl Tweedie

Will King

 

M&A:

Tim Medak

 

Alma Strategic Communications                                                                 CPP@almastrategic.com

Josh Royston                                                                                                            Tel: +44 (0)20 3405 0205             

Andrew Jaques 

David Ison

 

About CPP Group:

CPP Group is a technology-driven assistance company that creates embedded and ancillary real-time assistance products and resolution services that reduce disruption to everyday life for millions of people across the world, at the time and place they are needed. CPP Group is listed on AIM, operated by the London Stock Exchange.

 

For more information on CPP visit https://corporate.cppgroup.com/

 

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