Dividend Update

RNS Number : 3135E

Personal Group Holdings PLC

05 November 2020

 

Press Release  5 November 2020

Personal Group Holding PLC

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

Dividend Update

Personal Group PLC, a leading provider of employee services in the UK, announces that it anticipates the payment of its fourth and final dividend in respect of its financial year ending 31 December 2020 following publication of its audited full year results in March 2021.

The Board has taken a more prudent approach to the fourth dividend for 2020 which has historically been declared and paid during the fourth quarter.  Given the recent Government announcement of further national lockdown restrictions and ongoing uncertainty, the final amount will now be determined and announced following the year end.

Looking forwards, from 2021 the Board has decided to adopt a more typical dividend payment profile with two dividends scheduled each year following the respective half-year and full year financial reporting periods. This revised profile will enable the Board to have greater clarity on operational results prior to declaring the amount to be paid.

-ENDS-

This announcement contains inside information.

For more information please contact:

Personal Group Holdings Plc
Deborah Frost / Sarah Mace	[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 offer 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. 

The Personal Group 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

 

 

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