TIDMPGH

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    Price per    No. Of shares            % of Company's 
                        Shares    share (p)    held post transaction    issued share 
                        Sold                                            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        Initial 
       /Amendment 
     --------------------------  ----------------------------------------- 
 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          Ordinary shares of 5p each 
       financial instrument, 
       type of instrument 
                                   ISIN: GB0002760279 
       Identification code 
     --------------------------  ----------------------------------------- 
 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) 
                                    GBP2.06 per share    610 
                                                        ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume                *    610 
 
 
       - Price 
 
                                         - GBP1,256.60 
     --------------------------  ----------------------------------------- 
 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        Initial 
       /Amendment 
     --------------------------  ----------------------------------------- 
 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          Ordinary shares of 5p each 
       financial instrument, 
       type of instrument 
                                   ISIN: GB0002760279 
       Identification code 
     --------------------------  ----------------------------------------- 
 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) 
                                    GBP3.19 per share    282 
                                                        ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume                *    282 
 
 
       - Price 
 
                                         - GBP900.00 
     --------------------------  ----------------------------------------- 
 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        Initial 
       /Amendment 
     --------------------------  ----------------------------------------- 
 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          Ordinary shares of 5p each 
       financial instrument, 
       type of instrument 
                                   ISIN: GB0002760279 
       Identification code 
     --------------------------  ----------------------------------------- 
 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) 
                                    GBP3.42 per share    876 
                                                        ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume                *    876 
 
 
       - Price 
 
                                         - GBP3,000.00 
     --------------------------  ----------------------------------------- 
 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                    Via Alma PR 
 (CFO) 
 
 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        personalgroup@almapr.co.uk 
  / Harriet Jackson 
 
 

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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END

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June 24, 2021 02:00 ET (06:00 GMT)

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