Personal Group Holdings PLC Grant of Options under the LTIP (0102Y)
November 30 2017 - 7:13AM
UK Regulatory
TIDMPGH
RNS Number : 0102Y
Personal Group Holdings PLC
30 November 2017
Press Release 30 November 2017
Personal Group Holdings plc
("Personal Group", the "Company" or the "Group")
Grant of Options under the LTIP
Personal Group Holdings Plc (AIM: PGH), a leading provider of
employee services in the UK, announces the grant of share options
in relation to the Company's Long Term Incentive Plan ("LTIP").
As announced on 18 December 2012, the Company stated that it had
implemented an LTIP to reward directors and certain other senior
employees in a way that aligns the interests of LTIP participants
with the interests of shareholders, as well as with the Group's
long-term strategic plan. Further details of this are disclosed in
the Group's interim statement for the period ended 30 June
2017.
On 29 November 2017, the board approved the grant of options
over 38,683 ordinary shares of 5p each ("Ordinary Shares") to Mark
Scanlon, Chief Executive Officer, pursuant to the Company's LTIP.
These options may be exercised within the year following grant at
nil exercise cost, subject to the achievement of certain
performance conditions in relation to the increase in the market
capitalisation of the Company, in accordance with the terms of the
LTIP.
Following this grant, Mark Scanlon's shareholding remains
unchanged at 132,045 Ordinary Shares representing 0.429% of the
issued ordinary share capital of the Company.
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 Mark Scanlon
--- -------------------------- -----------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status Chief Executive Officer
--- -------------------------- -----------------------------
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 Options over ordinary shares
financial instrument, of 5p each
type of instrument
Identification code ISIN: GB0002760279
--- -------------------------- -----------------------------
b) Nature of the transaction Grant of options
--- -------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil cost 38,683
---------- ----------
--- -------------------------- -----------------------------
d) Aggregated information
- Aggregated volume
N/A - single transaction
- Price
--- -------------------------- -----------------------------
e) Date of the transaction 29 November 2017
--- -------------------------- -----------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------- -----------------------------
ENDS -
For more information please contact:
Personal Group Holdings
Plc
Mark Scanlon / Mike Dugdale +44 (0)1908 605 000
Philip Dennis +44 (0)7947
(IR) Philip.Dennis@personalgroup.com 868 206
Cenkos Securities Plc
Max Hartley / Stephen
Keys (Nomad) +44 (0)20 7397 8900
Russell Kerr (Sales)
Media enquiries:
Hudson Sandler
Nick Lyon / Sophie Lister/
Lucy Wollam +44 (0)207796 4133
www.personalgroup@hudsonsandler.com
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 30 years' experience, the Company provides
employee benefits, serving 550 businesses, reaching over 2 million
employees across the UK.
Personal Group's offer comprises 8,000 in-house and third party
products and services, from c.60 supply lines. In-house services
include employee insurance products (hospital, convalescence plans
and death benefit) and the provision of home technology via salary
sacrifice (iPads, computers, laptops, smart phones and smart TVs).
Third party services include retail discounts, e-payslips, employee
assistance, wellbeing programmes and salary sacrifice cars and
bikes.
The offer is provided via the Company's proprietary technology
platform, Hapi. The platform is intuitive and accessible via web,
tablet and mobile app, 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 SaaS product.
Through technology and select acquisitions, the Company has
grown its addressable market from 6m to 27m UK employees; 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, combined with its face-to-face method of
communicating with employees, makes its offer compelling to blue
chip clients across the UK as a way of attracting, retaining and
motivating employees.
Personal Group has a strong client base across a range of
sectors including passenger transport, healthcare, logistics and
food manufacturing. Clients include: Stagecoach, Four Seasons
Health Care, Priory Group, Spire Healthcare, Bibby, 2 Sisters Food
Group and Young's Seafood.
For further information, go to www.personal-group.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEXBLFXDFFFFBB
(END) Dow Jones Newswires
November 30, 2017 08:13 ET (13:13 GMT)
Personal (LSE:PGH)
Historical Stock Chart
From Apr 2024 to May 2024
Personal (LSE:PGH)
Historical Stock Chart
From May 2023 to May 2024