AGM Statement

RNS Number : 8200X

Personal Group Holdings PLC

02 May 2019

 

Personal Group Holding PLC

(the "Company", "Personal Group", "PGH" or "Group")

AGM Statement

At the Annual General Meeting of Personal Group PLC, to be held today at 1:00pm at John Ormond House, 899 Silbury Boulevard, Milton Keynes, MK9 3XL, Mark Winlow, Chairman of the Company, will make the following statement:

"Personal Group has had a solid start to the year, with trading in-line with expectations. The Company's core insurance business is performing in-line with budget and PG Let's Connect, the Company's technology salary sacrifice business, has had a strong start to the year. Furthermore, the Company feels confident that its SaaS offer, Hapi, will deliver an improved performance through the rest of 2019, following the acquisition of Innecto.

The market for employee benefits remains robust. This is despite the less certain business environment as employers are put under increasing pressure to retain staff and maximise productivity; which in turn could benefit the Group. The Company's product offerings are market leading and the focus for the foreseeable future will be to increase the Company's revenues across all sectors of the business.

It has been an encouraging start to the year and the Board believes the Company remains on course to meet expectations for the full year."

-ENDS-

 For more information please contact:

Personal Group Holdings Plc
Deborah Frost / Mike Dugdale	[phone]
Philip Dennis (Investor Relations)	[phone]
Cenkos Securities Plc
Max Hartley / Stephen Keys (Nomad)	[phone]
Russell Kerr (Sales)
Hudson Sandler
Nick Lyon / Sophie Lister / Lucy Wollam	[phone]

Notes to Editors:

Personal Group Holdings Plc (AIM: PGH) is a technology enabled employee services business, working with employers to drive productivity though better employee engagement and a more motivated workforce. With over 30 years' experience, the Company provides employee benefits and services to over 2 million employees across the UK.

Personal Group's offer comprises in-house services including employee insurance products (hospital, convalescence plans and death benefit), the provision of home technology via salary sacrifice (iPads, computers, laptops, smart phones and smart TVs). Third party services include retail discounts, e-payslips, employee assistance programmes, wellbeing programmes and salary sacrifice cars and bikes.

The offer is provided via the Company's proprietary technology platform, Hapi. The platform is intuitive, designed primarily for app deployment and also accessible via web and tablet, driving better engagement, communication and value recognition. Hapi is flexible and can quickly integrate additional services, such as existing employee services and partner platforms. Hapi is a digital Saas product.

Through technology and select acquisitions, the Company has grown its addressable market from 6m to over 27m UK employees; including 15.6m SME employees targeted via its partnership with Sage, the UK's largest software company.  

Personal Group's innovative approach to using technology to deliver its programmes, combined with its face-to-face method of communicating with employees, makes its offer compelling to blue chip clients across the UK as a way of attracting, retaining and motivating employees.  The acquisition of Innecto in February 2019 allows Personal Group to engage with clients earlier in their thinking around Pay and Reward, and to interact with a new base of blue-chip and fast growth clients typically at HR Director and CEO level.

Personal Group has a strong client base across a range of sectors including passenger transport, healthcare, logistics and food manufacturing. Clients include: Stagecoach, Four Seasons Health Care, Priory Group, Spire Healthcare, Bibby, 2 Sisters Food Group and Young's Seafood. 

For further information, please see www.personalgroup.com

 

END

 

 

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