TIDMPGH
RNS Number : 0065M
Personal Group Holdings PLC
25 April 2018
Personal Group Holding PLC
(the "Company", "Personal Group", "PGH" or "Group")
AGM Statement
At the Annual General Meeting of Personal Group PLC, to be held
today at 1:00pm at John Ormond House, 899 Silbury Boulevard, Milton
Keynes, MK9 3XL, Mark Winlow, Chairman of the Company, will make
the following statement:
"Personal Group has had an encouraging start to the year.
The Company's core insurance business has seen another strong
start to the year, with record first quarter sales and
productivity. This performance reflects the strength of the sales
team, which we invested in and augmented during 2017.
The Company's technology salary sacrifice business, PG Let's
Connect, has also experienced a strong start to the year. Royal
Mail plc, a key customer, launched PG Let's Connect's salary
sacrifice offer to its employees on the 1(st) of March, as planned.
The offer has been well received, with orders exceeding our initial
expectations. It is a very encouraging start that has given us
added confidence that PG Let's Connect will make an appropriate
contribution to our 2018 results.
The Company's Software-as-a-Service (SaaS) offer, Hapi,
continues to perform as expected, with client wins such as
Randstad, a global leader in HR services, as a pure 'SaaS' client
with 4,300 employees. The Company is now in the process of gearing
up for the roll out of the Sage Employee Benefits ("SEB") offer to
Sage's wider client base as a standalone product. To date, the
focus of the SEB offer has been on Sage's payroll clients, which
account for only a portion of Sage's significant client base. This
new initiative will include all of Sage's accounting and enterprise
division customers.
In recent years, the focus of the Company has been on developing
and broadening its offerings. That focus has now shifted to the
delivery of those offerings across all market sectors, to existing
and new potential clients. Where we see an opportunity to add a
product to our offer that is compelling and adds real value to our
customers and their employees we will continue to do so. As an
example, we are launching an online doctor product, giving client
employees the opportunity to gain video access to a GP over a
smartphone with minimal disruption to their daily work and home
lives at a highly competitive price.
It has been a promising start to the year and the Board are
confident of achieving market expectations for the full year."
-ENDS-
For more information please contact:
Personal Group Holdings Plc
Mark Scanlon / Mike Dugdale +44 (0)1908 605 000
Philip Dennis (Investor Relations) +44 (0)7947 868 206
Cenkos Securities Plc
Max Hartley / Callum Davidson (Nomad) +44 (0)20 7397 8900
Russell Kerr (Sales)
Hudson Sandler LLP
Nick Lyon / Sophie Lister / 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 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, please see www.personalgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMDMGZDGDFGRZZ
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