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Personal Group (PGH)

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Thursday 24 June, 2021

Personal Group

Directors' Shareholdings

RNS Number : 9177C
Personal Group Holdings PLC
24 June 2021
 

 

24 June 2021

 

 

 

Personal Group Holdings Plc

 

("the Company" or "the Group")

 

 

Directors' Shareholdings

 

Personal Group Holdings Plc operates an Inland Revenue approved Employee Share Ownership Plan (the "Plan") which allows employees of the Group the opportunity to purchase ordinary shares of 5p each in the Company ("Shares") by way of salary sacrifice, with the shares held in the Personal Group Employee Benefit Trust ("EBT").

Following a recent external review of the Plan by the Company's legal advisers (the "Review"), it has been determined that the Company's Non-Executive Directors do not meet the eligibility criteria for participation in the Plan.

Certain of the Group's Non-Executive Directors have historically participated in the Plan.  As a result of the Review's findings the Company has sought to unwind the previous participation in the Plan of non-eligible directors. This has been effected through the sale of the shares, acquired by each director during their period of ineligibility, to the EBT.  The sale price per share corresponds to the average price paid for these shares by each director, via salary sacrifice, during the period of acquisition. 

Following these transactions the Directors' holdings are as follows:

 

Director

No. of Shares Sold

Price per share (p)

No. Of shares held post transaction

% of Company's issued share capital

Andrew Lothian*

610

206

37,532**

0.120

Maria Darby-Walker

282

319

-

-

Deborah Frost*

876

342

304,063

0.974

 

*Relates to the period where the director had a non-executive status only.

**This figure includes A Lothian's wife's holding of 17,570 Shares. 

 

Further detail is provided below in accordance with Article 19.3 of the EU Market Abuse Regulation.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Andrew Lothian

2

 

Reason for the notification

 

a)

 

Position/status

 

Non-Executive Director

b)

 

Initial notification /Amendment

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Personal Group Holdings Plc

b)

 

LEI

213800TN8BH2YYWAH345

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 5p each

 

 

ISIN: GB0002760279

b)

 

Nature of the transaction

Sale of ordinary shares held in Personal Group Holdings plc's employee benefit trust (EBT) to the EBT

 

c)

 

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£2.06 per share

610

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

610

 

 

  -  1,256.60

 

e)

 

Date of the transaction

 

23 June 2021

f)

 

Place of the transaction

Outside of a trading venue

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Maria Darby-Walker

2

 

Reason for the notification

 

a)

 

Position/status

 

Non-Executive Director

b)

 

Initial notification /Amendment

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Personal Group Holdings Plc

b)

 

LEI

213800TN8BH2YYWAH345

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 5p each

 

 

ISIN: GB0002760279

b)

 

Nature of the transaction

Sale of ordinary shares held in Personal Group Holdings plc's employee benefit trust (EBT) to the EBT

 

c)

 

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£3.19 per share

282

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

282

 

 

  -  £900.00

 

e)

 

Date of the transaction

 

23 June 2021

f)

 

Place of the transaction

Outside of a trading venue

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Deborah Frost

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Executive

b)

 

Initial notification /Amendment

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Personal Group Holdings Plc

b)

 

LEI

213800TN8BH2YYWAH345

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 5p each

 

 

ISIN: GB0002760279

b)

 

Nature of the transaction

Sale of ordinary shares held in Personal Group Holdings plc's employee benefit trust (EBT) to the EBT

 

c)

 

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£3.42 per share

876

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

876

 

 

  -  £3,000.00

 

e)

 

Date of the transaction

 

23 June 2021

f)

 

Place of the transaction

Outside of a trading venue

 

- ENDS -

 

 

For more information please contact:

 

 

 

Personal Group Holdings Plc

 

Deborah Frost (CEO) / Sarah Mace (CFO)

Via Alma PR

 

 

Cenkos Securities Plc

 

Camilla Hume / Callum Davidson (Nomad)

+44 (0)20 7397 8900

Russell Kerr (Sales)

 

 

 

Alma PR

+44 (0)20 3405 0205

Susie Hudson / Caroline Forde / Harriet Jackson

[email protected] 

   

 

 

Notes to Editors

Personal Group Holdings Plc (AIM: PGH) is a digitally-enabled employee benefits and services provider. The Group enables employers across the UK to improve employee engagement and support their people's physical, mental, social and financial wellbeing. Its vision is to create a brighter future for the UK workforce.

Personal Group provides health insurance services and a broad range of employee benefits, engagement and wellbeing products. Many of these services are delivered through its proprietary app, Hapi.

The Group's growth strategy is centred around widening the footprint of the business into the SME, talent-led & Public Sectors, thereby expanding the addressable customer base. In addition, it aims to grow in its existing industrial heartlands, to re-invigorate growth in insurance policyholders and to drive the use of its SaaS offerings.

Clients include: Arsenal FC, Barchester Healthcare, DHL Supply Chain Limited, Merseyrail, Randstad, Royal Mail Group, the Sandwell & Birmingham NHS trust and Stagecoach Group plc. c.40% of clients are served by two or more group companies.

For further information, please see www.personalgroup.com 

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