TIDMPGH

RNS Number : 8862O

Personal Group Holdings PLC

04 June 2020

 
 Press Release   4 June 2020

Personal Group Holdings plc

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

AGM Statement

The Annual General Meeting of Personal Group is to be held today at 2.00pm at John Ormond House, 899 Silbury Boulevard, Milton Keynes, MK9 3XL This will be a closed event, conducted with the minimum necessary quorum of two shareholders present, and will comprise only the formal votes for each resolution set out in the Notice of the AGM.

Following the meeting, a message from Mark Winlow, Chairman of the Company, will be made available on the Personal Group website which will include the following statement:

" Like many companies, much of 2020 has been taken up with preparing for, and responding to, Covid-19, however, it is still too early to accurately assess its eventual impact on our clients, their employees and our business.

Given the current environment Personal Group has made an encouraging start to the year.

We do have a robust recurring revenue model across the Group including insurance where the most obvious impact is that currently we cannot sell our insurance products face-to-face. So, as an example of the actions we are taking, we have switched our salesforce to telesales to retain and recapture policyholders. We have also introduced new company-wide pandemic insurance product for our clients. We are proud that during the crisis, once more we have kept our promises. We are paying out on Covid-19 claims and supporting bereaved families and hospitalised policyholders through this difficult period.

We continue to engage with clients, existing and new and I am pleased to announce that we are negotiating significant potential new Let's Connect and Insurance clients which are on-going despite the challenges of Covid-19."

- ENDS -

For more information please contact:

 
Personal Group Holdings Plc 
Deborah Frost / Mike Dugdale            +44 (0)1908 605 000 
Cenkos Securities Plc 
Max Hartley / Callum Davidson (Nomad)   +44 (0)20 7397 8900 
Russell Kerr (Sales) 
Hudson Sandler 
Nick Lyon / Lucy Wollam                 +44 (0)20 7796 4133

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 employees-paid insurances 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

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END

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(END) Dow Jones Newswires

June 04, 2020 02:00 ET (06:00 GMT)

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