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Park Group PLC

09 July 2018

9 July 2018

Park Group plc

("Park" the "Company" or the "Group")

Park Group Wins New Retail Contracts

Park (AIM: PKG.L), the UK's leading multi-retailer, multi-channel gift voucher and prepaid gift card provider, is pleased to announce that it has signed new collaborations with retail businesses Arcadia Group Ltd. ("Arcadia"), Courtesy Shoes Ltd., ("Wynsors World of Shoes"), Office Outlet (formerly Staples Inc.), DJM Music Ltd., and Fat Face.

Arcadia, which owns high street brands such Topshop, Topman and Miss Selfridge, will now accept Park's UK-leading 'Love2shop' vouchers.

As of July 2018, Wynsors World of Shoes, office and home suppliers Office Outlet, and online musical instrument specialists DJM Music, will also accept Park's 'Love2shop' vouchers.

Fat Face will gain accreditation for Park's e-money prepaid flexecash(R) card by the end of Summer 2018.

These new retail additions, mean Park's gift vouchers are now accepted by more than 175 national brands and over 20,000 high street stores across the UK, and almost 100 brands are now flexecash(R) accredited.

Ian O'Doherty, Chief Executive of Park, said: "'Love2shop' is already the nation's number one multi-retailer voucher, but these exciting new retail collaborations will open up new, or strengthen existing markets for us, as well as expanding our retailer base. We are also pleased that flexecash(R) is continuing to gain traction, with billings up almost GBP25m as a result of increased usage of prepaid cards (flexecash(R) and Mastercard).

"Arcadia Group brands are visible on nearly every UK high street or shopping centre, so this is a major new signing for our business and really boosts the opportunities for our customers and clients across the UK."

-Ends-

For further information please contact:

 
 Park Group plc         Arden Partners plc     Tavistock 
 
   Ian O'Doherty          Steve Douglas          Jeremy Carey 
                          Benjamin Cryer         Sophie Praill 
 
   Tel: 0151 653 1700     Tel: 020 7614 5920     Tel: 020 7920 3150

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

July 09, 2018 02:00 ET (06:00 GMT)

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