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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Personal Group Holdings PLC | AQSE:PGH.GB | Aquis Stock Exchange | Ordinary Share | GB0002760279 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -4.00 | -1.86% | 211.00 | 206.00 | 216.00 | 215.00 | 211.00 | 215.00 | 0.00 | 12:06:38 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Mar 2023 to Mar 2025
TIDMPGH
RNS Number : 3640D
Personal Group Holdings PLC
21 June 2023
Press Release 21 June 2023
Personal Group Holdings Plc
("the Company" or "the Group")
Grant of LTIP & CSOP options
Personal Group Holdings Plc (AIM: PGH), the workforce benefits and services provider, announces the grant of options under the Personal Group Holdings Plc 2023 issuance of the Long Term Incentive Plan (the "LTIP") and the Company's HMRC approved Company Share Option Plan ("CSOP ") as detailed below.
LTIP Awards
A total of 367,384 share awards have been granted under the LTIP. These are in the form of an option over ordinary shares in the Company and vest subject to the achievement of certain performance criteria and have a nominal value exercise price of GBP0.05 per share (the "LTIP Awards").
The vesting of the Awards is subject to the satisfaction of performance conditions assessed over the three financial years ending 31 December 2025. Once vested, the options may be exercised at any time until the tenth anniversary of the Award date. The Awards are subject to claw back and malus provisions.
Performance conditions
The Awards are subject to attainment of targets over three areas:
Hot Features
Premium
Attainment % of Awards Measurement Number of Awards that vest
target subject Period if Attainment Target is satisfied
to Attainment
Target
Total Shareholder 42.5% 1 January 12.5% of the overall award
Return ("TSR") 2023 to will vest at achievement of
31 December threshold target with 42.5%
2025 vesting at maximum target
and a linear sliding scale
between 12.5% - 42.5%
--------------- ------------- ------------------------------------
EBITDA 42.5% 1 January 12.5% of the overall award
2023 to will vest at achievement of
31 December threshold target with 42.5%
2025 vesting at maximum target
and a linear sliding scale
between 12.5% - 42.5%
--------------- ------------- ------------------------------------
ESG Measures 15.0% 1 January 100% vesting where the Remuneration
2023 to Committee ascertains that
31 December performance measures have
2025 been adequately met
--------------- ------------- ------------------------------------
The core performance measures underpinning the vesting of awards under the LTIP are the delivery of:
-- at least 20% per annum cumulative TSR growth up to a maximum of 30% for full vesting;
-- a minimum threshold of cumulative EBITDA of GBP11 million in the final year of the scheme. The maximum threshold is achieved with a cumulative EBITDA of GBP12.5 million or above and in the final year of the scheme and
-- continued improvement on ESG metrics from the 2022 LTIP including reducing CO (2,) , setting new targets for our workforce to reflect the ethnic and gender population of Milton Keynes, our main HO base, and having a positive social impact on the communities where the Group trades by working towards regular employee volunteering commitments as well as our regular financial commitment through our charity PACT (Personal Assurance Charitable Trust).
Full details across the Group's ESG targets and performance can be found within the Company's annual report.
On 20 June 2023 the LTIP Awards were granted to the following PDMRs:
PDMR Number of options
over ordinary
shares subject
to Award
Sarah Mace - Chief Financial Officer 137,858
------------------
Steve Bush - Chief Operating Officer 70,731
------------------
Karen Thornley - Chief Commercial Officer 80,619
------------------
Richard Thompson - Chief Information Officer 78,176
------------------
CSOP Awards
The Company also announces that, on 30 June 2023, it granted options over 124,993 new ordinary shares of 5p each in the Company to certain employees and PDMRs. These options were granted to continue the appropriate incentivisation of the Company's senior management team and employee base and will continue to be granted from time to time as the Remuneration Committee deems appropriate. These options were granted under the Company's CSOP and may be exercised within 10 years from 30 June 2023, at an exercise price of 2.16p per share.
Number Exercise Total number Total number % holding
of options price (pence of options of ordinary of ordinary
per share) held shares held shares
Deborah Frost 13,888 216.00 22,634 333,678 1.068
------------ -------------- ------------- ------------- -------------
Sarah Mace 13,888 216.00 20,010 12,136 0.039
------------ -------------- ------------- ------------- -------------
Steve Bush 27,777 216.00 27,777 - -
------------ -------------- ------------- ------------- -------------
Karen Thornley 13,888 216.00 28,522 2,661 0.009
------------ -------------- ------------- ------------- -------------
Richard Thompson 13,888 216.00 22,459 - -
------------ -------------- ------------- ------------- -------------
Other senior staff
members (not a
PDMR) 41,664 216.00 N/A N/A N/A
------------ -------------- ------------- ------------- -------------
The Grant of the Awards constitutes a related party transaction for the purposes of AIM Rule 13. The independent directors consider, having consulted with the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.
Further detail is provided below in accordance with Article 19.3 of the EU Market Abuse Regulation.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Deborah Frost
------------------------------- ----------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Executive
------------------------------- ----------------------------------
b) Initial notification Initial
/Amendment
------------------------------- ----------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Personal Group Holdings Plc
------------------------------- ----------------------------------
b) LEI 213800TN8BH2YYWAH345
------------------------------- ----------------------------------
Details of the transaction(s): section to be repeated
4 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 Grant of options
------------------------------- ----------------------------------
Price(s) and volume(s) Price(s) Volume(s)
CSOP - GBP2.16
c) per share 13,888
----------
------------------------------- ----------------------------------
d) Aggregated information
- Aggregated volume 13,888
- Price GBP29,998.08
------------------------------- ----------------------------------
e) Date of the transaction 20 June 2023
------------------------------- ----------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Sarah Mace
------------------------------ -----------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status CFO
------------------------------ -----------------------------------
b) Initial notification Initial
/Amendment
------------------------------ -----------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Personal Group Holdings Plc
------------------------------ -----------------------------------
b) LEI 213800TN8BH2YYWAH345
------------------------------ -----------------------------------
Details of the transaction(s): section to be repeated
4 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 Grant of options
------------------------------ -----------------------------------
Price(s) Volume(s)
Price(s) and volume(s) LTIP - GBP0.05
c) per share 137,858
CSOP - GBP2.16
per share 13,888
----------
------------------------------ -----------------------------------
d) Aggregated information
- Aggregated volume 151,746
- Price GBP36,890.98
------------------------------ -----------------------------------
e) Date of the transaction 20 June 2023
------------------------------ -----------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ -----------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Steve Bush
------------------------------ -----------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------------ -----------------------------------
b) Initial notification Initial
/Amendment
------------------------------ -----------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Personal Group Holdings Plc
------------------------------ -----------------------------------
b) LEI 213800TN8BH2YYWAH345
------------------------------ -----------------------------------
Details of the transaction(s): section to be repeated
4 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 Grant of options
------------------------------ -----------------------------------
Price(s) Volume(s)
Price(s) and volume(s) LTIP - GBP0.05
c) per share 70,731
CSOP - GBP2.16
per share 27,777
----------
------------------------------ -----------------------------------
d) Aggregated information
- Aggregated volume 98,508
- Price GBP63,534.87
------------------------------ -----------------------------------
e) Date of the transaction 20 June 2023
------------------------------ -----------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ -----------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Karen Thornley
------------------------------ -----------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Commercial Officer
------------------------------ -----------------------------------
b) Initial notification Initial
/Amendment
------------------------------ -----------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Personal Group Holdings Plc
------------------------------ -----------------------------------
b) LEI 213800TN8BH2YYWAH345
------------------------------ -----------------------------------
Details of the transaction(s): section to be repeated
4 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 Grant of options
------------------------------ -----------------------------------
Price(s) Volume(s)
Price(s) and volume(s) LTIP - GBP0.05
c) per share 80,619
CSOP - GBP2.16
per share 13,888
----------
------------------------------ -----------------------------------
d) Aggregated information
- Aggregated volume 94,507
- Price GBP34,029.03
------------------------------ -----------------------------------
e) Date of the transaction 20 June 2023
------------------------------ -----------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ -----------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Richard Thompson
------------------------------ -----------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Information Officer
------------------------------ -----------------------------------
b) Initial notification Initial
/Amendment
------------------------------ -----------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Personal Group Holdings Plc
------------------------------ -----------------------------------
b) LEI 213800TN8BH2YYWAH345
------------------------------ -----------------------------------
Details of the transaction(s): section to be repeated
4 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 Grant of options
------------------------------ -----------------------------------
Price(s) Volume(s)
Price(s) and volume(s) LTIP - GBP0.05
c) per share 78,176
CSOP - GBP2.16
per share 13,888
----------
------------------------------ -----------------------------------
d) Aggregated information
- Aggregated volume 92,064
- Price GBP33,906.88
------------------------------ -----------------------------------
e) Date of the transaction 20 June 2023
------------------------------ -----------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ -----------------------------------
- ENDS -
For more information please contact:
Personal Group Holdings Plc Deborah Frost (CEO) / Sarah Via Alma PR Mace (CFO) Cenkos Securities Plc Camilla Hume / Callum Davidson (Nomad) +44 (0)20 7397 8900 Russell Kerr (Sales) Alma PR +44 (0)20 3405 0205 Caroline Forde / Joe Pederzolli personalgroup@almapr.co.uk / Kinvara Verdon
Notes to Editors
Personal Group Holdings Plc (AIM: PGH) is a workforce 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. Its offerings can also be delivered through its proprietary app, Hapi, and the recently developed extension to the platform, Hapiflex.
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.
Group Clients include: Airbus, Barchester Healthcare, British Transport Police, Merseyrail, Randstad, Royal Mail Group, The Royal Mint, the Sandwell & Birmingham NHS Trust, Stagecoach Group plc, and The University of York.
For further information on the Group please see www.personalgroup.com
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.
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June 21, 2023 02:00 ET (06:00 GMT)
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