Business
Statement re Homecare Insurance Limited
Statement re Homecare Insurance Limited.
About this update from Cpp Group Plc
[{"type":"text","content":"\n \nRNS Number : 2845F CPPGroup Plc 16 May 2017 \n\n16 May 2017\nCPPGroup plc\nStatement re Homecare Insurance Limited\n \nCPPGroup Plc (CPP or the Group) announces that, as part of the Group's planned strategy to place the back book business of Homecare Insurance Ltd (HIL) into a managed decline, the Prudential Regulation Authority has approved HIL's application to lift the current capital and asset (but not trading) restrictions placed on HIL in the Voluntary Variation of Permissions (VVoP) of November 2012.\nThis releases around £15m for potential distribution within the wider Group, whilst fully providing for HIL's current liabilities.\n \nFor further information please contact:\n \nCPPGroup Plc\nJason Walsh, Chief Executive Officer\nTel: +44 (0)1904 544500\n \nInvestec Bank plc\nNominated Adviser and Corporate Broker\nSara Hale; James Rudd; Carlton Nelson\nTel: +44 (0)20 7597 5970\n \nMaitland\nNeil Bennett; Daniel Yea\nTel: +44 (0)20 7379 5151\n \n \n \nNotes to Editors\n \nCPP 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 assistance. \nFor more information on CPP visit www.cppgroupplc.com\n \n \n \nREGISTERED OFFICE\nCPPGroup Plc\nHolgate Park\nYork\nYO26 4GA\n \nRegistered number: 07151159\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STRUNUKRBKAVARR\n ","length":3458,"tagName":"div"}]