StockMarketWire.com - CPPGroup has confirmed that, as part of the Group's planned strategy to place the back book business of Homecare Insurance (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 the business in the Voluntary Variation of Permissions (VVoP) of November 2012.

The Company said this releases around £15m for potential distribution within the wider Group, whilst fully providing for HIL's current liabilities.




At 1:01pm: [LON:CPP] CPP Group PLC share price was +0.26p at 16.13p



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