Personal Group Holdings PLC AGM Statement (0065M)

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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               [phone] 
Philip Dennis (Investor Relations)        [phone] 
Cenkos Securities Plc 
Max Hartley / Callum Davidson (Nomad)     [phone] 
Russell Kerr (Sales) 
Hudson Sandler LLP 
Nick Lyon / Sophie Lister / Lucy Wollam   [phone] 
 

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

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April 25, 2018 02:01 ET (06:01 GMT)