Dividend and AGM Notification

RNS Number : 9488V

Personal Group Holdings PLC

13 August 2020

 

Press Release  13 August 2020

Personal Group Holding PLC

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

Dividend and AGM Notification

Personal Group PLC, a leading provider of employee services in the UK, announces that its third dividend for 2020 of 5.9p per share will be paid on 25 September 2020 to members on the register as at 21 August 2020 (the record date). Shares will be marked ex-dividend on 20 August 2020. The last day for elections will be on 4 September 2020.

As detailed in the Company's trading update released on 7 August, while acknowledging the impact that the outbreak of COVID-19, and the associated societal changes, have had on the business performance so far in 2020, the Company has had a positive start to the year and maintains a strong balance sheet with no debt. As a result, the board has taken the decision to restore dividend payments for Q3 to normal levels following the reduction in the dividend payment in Q2. The board will again revisit and review the remaining 2020 dividend payment later in the year, while continuing to monitor the impact of the COVID-19 situation on the business.  

This dividend, the third of four to be announced this year, represents a 1.3 per cent. increase over the equivalent period last year, reflecting a return to the Company's progressive dividend policy.

-ENDS-

For more information please contact:

Personal Group Holdings Plc
Deborah Frost / Mike Dugdale	[phone]
Cenkos Securities Plc
Max Hartley / Callum Davidson (Nomad)	[phone]
Russell Kerr (Sales)
Hudson Sandler
Nick Lyon / 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 35 years' experience, the Company provides employee benefits and services to a large number of 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), the provision of e-payslips, and pay and reward consulting via Innecto, the leading independent UK consultancy acquired in 2019. Third party services include retail discounts, employee assistance programmes, wellbeing programmes and salary sacrifice cars and bikes.

The product 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 to the majority of the working population in the UK; 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, in combination with its face-to-face method of communicating with employees, delivers a compelling offer 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 diverse range of sectors. Clients include: Arsenal F.C., Barchester Healthcare Ltd, DHL Supply Chain Limited, The Go-Ahead Group plc, Samworth Brothers Ltd, Independent Television News, Stagecoach Group plc and Wincanton plc.

For further information, please see www.personalgroup.com

 

END

 

 

DIVSFEFFEESSELA