Network Rail Tender Won

RNS Number : 0383F

Personal Group Holdings PLC

20 May 2013

 



Press Release

20 May 2013

Personal Group Holdings plc

("the Company")

Network Rail Tender Won

Personal Group Holdings plc (AIM:PGH), a leading provider of employee benefits, employee related insurance products and financial services in the UK, is pleased to announce that it has won a tender to provide employee benefits to Network Rail's 35,000 employees across the UK.  This is one of the largest tender wins that Personal Group has secured in the history of the Company.

The programme will launch in Q3 2013, and is part of Network Rail's 'employee benefits' programme, and will offer all employees a bespoke suite of benefits

Mark Scanlon, Chief Executive of Personal Group, commented:  "The Board is delighted that, through a highly competitive process, we have secured one of the largest tender wins in the Company's 29 year history.  The programme will encompass Personal Group's recently launched iPad application, which is already producing very positive results in collaboration with Personal Group's established method of face-to-face meetings. 

"This is a testament to the work of the newly formed Commercial team which is striving to continue to build on the successful Q1 that has already been achieved.  We look forward to updating shareholders on future successes over the coming months." 

- 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
Joanne Shears / Harriet Rae	[phone]
[e-mail]	www.abchurch-group.com

Notes to editors:

About Personal Group

Personal Group Holdings Plc (AIM: PGH) is a leading provider of employee benefits and financial services, working with blue chip corporates across the UK since the Group was established in 1984. 

The Group's integrated benefits and insurance programmes offer employers a cost effective means of attracting, retaining and motivating employees.  Personal Group's tailored employee benefits packages include insurance products such as hospital and convalescence plans, death benefit and income protection plans; lifestyle benefits such as holiday and retail discounts; flexible benefit programmes; and a range of tax efficient benefits such as childcare vouchers. 

In total Personal Group offers access to benefits to over 1.2 million employees, and clients include 3663, Benfield Motor Group, Northumbrian Water Limited, Priory Group, Regatta, Road Chef, Spire Healthcare, TNT and Vinci Construction.  Against a backdrop of the government's focus on increasing the responsibility of the individual in terms of lifestyle protection and insurance products, Personal Group enables the employer to put the structure in place for their employees to achieve this more easily. 

The Group boasts considerable financial strength, with a track record of profitable organic growth since 1986, as well as a strong pipeline of new business. For the year to 31 December 2012 the Group reported revenue of over £27 million and underlying PBT of £9.4 million.  With a strong balance sheet and a progressive dividend policy, Personal Group is focused on increasing the momentum in its sales activity and investing in the business to drive future growth. 

Personal Group is headquartered in Milton Keynes, listed on AIM in 2000 and today employs over 175 people.

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

About Network Rail

Network Rail is the not for dividend owner and operator of Britain's railway infrastructure, which includes the tracks, signals, tunnels, bridges, viaducts, level crossings and stations - the largest of which we also manage. It aims to provide a safe, reliable and efficient rail infrastructure for freight and passenger trains to use.

 

END

 

 

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