US stock futures inch lower after Wall St marks fresh records on tech gains
LONDON - CPP Group Plc (AIM:CPP) announced Thursday that shareholders have approved the proposed sale of its Indian subsidiary at a General Meeting held in London.
The resolution to approve the disposal of CPP India was passed unanimously, with 5,745,769 votes in favor and none against, according to a company statement. The vote was conducted by poll, with 1,602,387 votes withheld.
The disposal, which was initially announced on July 29, still faces several conditions that must be satisfied before completion. The company expects the transaction to close during the third quarter of 2025 and has committed to providing further updates as the remaining conditions are met.
CPP Group, which trades on London’s AIM market, held the General Meeting at the offices of Squire Patton Boggs in London. The meeting followed the distribution of a circular to shareholders detailing the proposed sale.
The company did not disclose financial terms of the transaction or identify the buyers in its announcement.
CPP Group’s Chief Executive Officer Simon Pyper and Chief Financial Officer David Bowling were noted as contacts in the press release statement, with Panmure Liberum serving as the company’s nominated adviser and sole broker for the transaction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.