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Share Name Share Symbol Market Type Share ISIN Share Description
Personal Group Holdings Plc NEX:PGH.GB NEX Ordinary Share GB0002760279
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 470.00p 460.00p 480.00p 470.00p 470.00p 470.00p 0 07:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - -

Personal Group Holdings PLC Directorate Change

18/09/2018 7:02am

UK Regulatory (RNS & others)


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RNS Number : 0405B

Personal Group Holdings PLC

18 September 2018

PERSONAL GROUP HOLDINGS PLC

("Personal Group" or "Company")

Directorate Change

Personal Group Holdings plc today announces that Mark Scanlon has notified the Board of his intention to step down as CEO on or before 17(th) September 2019. After six and a half years of leading the Company, Mark has overseen a successful period during which Personal Group diversified its operations and grew in scale. A search will now begin to identify a suitable successor, ensuring an orderly handover of responsibilities.

Mark Scanlon, CEO, commented, "I am very proud of what we have achieved and would like to thank everyone who has helped to create the business we have today. The Company has diversified over recent years to include a very strong technology component and is now present in all its addressable markets. I feel that now is an opportune time to hand over to a successor, with the business in great shape and well placed for the next stage of its successful development. Lastly, I would like to thank the very strong management team and committed employees that underpin the business."

Mark Winlow, Chairman, commented, "After nearly seven years in the role, Mark is justifiably proud of the strong foundations that have been laid and the transformation of Personal Group from primarily a successful hospital cash plan insurer to the market defining Employee Services Company. The next decade promises much for Personal Group and Mark leaves the Company in strong health for the next CEO."

This announcement contains inside information.

- 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 
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 and services to 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 plans, convalescence plans and death benefit plans) and PG Let's Connect provision of technology via salary sacrifice (iPads, computers, laptops, smart phones and smart TVs). Third party services include retail discounts, employee assistance programmes, wellbeing programmes and salary sacrifice cars and bikes.

The offer is provided via the Company's proprietary technology platform, Hapi. The platform is intuitive, designed primarily for app deployment and is also accessible via the web on PC 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 SaaS product.

Through technology and select acquisitions, the Company has grown its addressable market from 6m to 32m 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 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

September 18, 2018 02:02 ET (06:02 GMT)

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