CPP TO CEASE PROVISION OF AIRPORT LOUNGE ACCESS

RNS Number : 2895O
CPPGroup Plc
27 May 2015
 



 

CPPGROUP PLC

27 May 2015                

 

 

CPP TO CEASE THE PROVISION OF AIRPORT LOUNGE ACCESS SERVICES

 

 

CPPGroup Plc (CPP or the Group), the International Assistance business, announces that as part of its plans to increase the focus of the Group's operations it intends to cease providing airport lounge access services currently marketed under the Airport Angel brand. In the intervening period the Group will continue to ensure a high quality of service is provided to existing customers.

 

The closure of Airport Angel is not anticipated to have a material impact on the Group's expected profitability in 2015 or beyond.

 

Stephen Callaghan, interim Chief Executive Officer, commented: "The decision to cease providing airport lounge access services is a further step forward towards CPP becoming a more focused, sustainable and profitable business." 

 

[ENDS]

 

Enquiries

 

CPPGroup Plc  

 

Stephen Callaghan, interim Chief Executive Officer

Craig Parsons, Chief Financial Officer

Tel: +44 (0)1904 544500

  

Media

 

Tulchan Communications LLP

Martin Robinson

Tel: +44 (0)20 7353 4200

 

Nominated Adviser and Broker

 

Numis Securities Limited

Robert Bruce

Stuart Skinner

Charles Farquhar

Tel: +44 (0)20 7260 1000

 

 

Notes to Editors

 

CPPGroup Plc (CPP or the Group) is an international assistance business operating in the UK and overseas. CPP primarily operates a business-to-business-to-consumer (B2B2C) business model providing products and services to customers through Business Partners and direct to consumer. The Group's core assistance products help to provide security and are designed to make everyday life easier to manage.

 

As announced on 15 April 2015, Stephen Callaghan's appointment as interim Chief Executive Officer is pending regulatory approval.

 

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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