Court Case Judgement

RNS Number : 7099V

Personal Group Holdings PLC

30 October 2014

 



Press Release

30 October 2014

Personal Group Holdings plc

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

Court Case Judgement

Personal Group Holdings plc (AIM:PGH), a leading provider of employee benefits, employee related insurance products and financial services in the UK, announces that following a High Court hearing that took place in July 2014, a judgement has been handed down unequivocally in favour of two of the subsidiary companies of Personal Group.  A summary of the Judge's ruling has been made public with the costs in our favour and damages to be determined.

Mark Scanlon, Chief Executive of Personal Group, commented: "The Group is very pleased with the outcome of this case. Although a long and arduous process, the result is a vindication of the Board's decision that action had to be taken to protect the Group's business and customer base. We felt obliged to  take this action and we are happy that justice and common sense have prevailed."

- ENDS -

For more information please contact:

Personal Group Holdings Plc
Mark Scanlon, Chief Executive	[phone]

Cenkos Securities Plc
Max Hartley (nomad) Russell Kerr (sales)	[phone]

Media enquiries:

Abchurch Communications
Quincy Allan	[phone]
[e-mail]	www.abchurch-group.com

Notes to Editors

With a 30 year track record of looking after its customers' employees, Personal Group Holdings Plc (AIM: PGH) is a leading provider of employee benefits and employee related insurance products, offering benefits programmes to over 2 million employees across the UK.

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 offering compelling to blue chip clients across the UK as a way of attracting, retaining and motivating employees.  Personal Group's benefits offer employees an effective way of making their pay-packet stretch further.  The Group tailors its packages to include insurance products such as hospital and convalescence plans, death benefit and income protection plans, as well as lifestyle benefits such as holiday and retail discounts, health and wellbeing benefits and a range of tax efficient benefits.

In March 2014, the Group acquired Lets Connect, a leader in the home technology salary sacrifice market which focuses on large enterprises in the private and public sector. 

Personal Group has a strong client base across a range of sectors including transport, where it works with the likes of Network Rail and Stagecoach, healthcare, where clients include Priory Group and Spire Healthcare and logistics, with companies such as TNT Express. The Group also has a strong presence in food manufacturing and service and clients include 2 Sisters Food Group and Young's Seafood.

With over 550 clients the Group has grown considerably and provides engaging and effective benefits packages across a breadth of sectors.  

For further information, go to www.personal-group.com.

 

END

 

 

MSCLLFLLISLIVIS