Contract extension with Stagecoach
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Press Release |
4 July 2013 |
Personal Group Holdings plc
("the Group")
Contract extension with Stagecoach
Personal Group, a leading provider of employee benefits, employee related insurance products and financial services in the UK, is pleased to announce that transport operator Stagecoach Group plc ("Stagecoach") has extended its contract with the Group to offer a new benefits programme to all employees in its UK Bus division.
The new contract, which runs for three years, is an extension to the Group's existing relationship with Stagecoach and will be on offer to an additional 4,000 employees compared to the previous programme that Personal Group provided. In total, the programme will be available to all 24,000 of Stagecoach's bus division employees across the UK.
Stagecoach employees will receive access to a bespoke online portal, as well as a benefit book, offering thousands of retail discounts across numerous well known high street shops. Through the new package, Stagecoach's UK Bus staff will also benefit from an Employee Assistance Programme, which provides support to promote the wellbeing of staff, providing specialist guidance and assistance on a range of personal and work-related issues. Personal Group will roll out the programme to all 24,000 employees through the Group's established method of face-to-face meetings.
Stagecoach UK Bus Managing Director Robert Montgomery said: "Our staff are the key to everything we do and the success of our business is down to the hard work of our employees at every level across the UK.
"We are fortunate to have a committed and professional workforce. We hope this programme of benefits will be of use to them as well as demonstrating that we value their contribution in helping to deliver greener, smarter bus services to millions of people every day."
Mark Scanlon, CEO of Personal Group, commented: "We are pleased to be strengthening our partnership with Stagecoach and the Group is excited to be able to offer all 24,000 employees access to a wide range of discount purchase arrangements as well as the Employee Assistance Programme to support health and wellbeing. The programme underlines Stagecoach's commitment to its employees, and we look forward to bringing a new and innovative offering to them."
- ENDS -
For more information please contact:
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Personal Group Holdings Plc |
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Mark Scanlon, Chief Executive |
+44 (0)1908 605 000 |
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Cenkos Securities Plc |
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Max Hartley (Nomad) Russell Kerr (Sales) |
+44 (0)20 7397 8900 |
Media enquiries:
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Abchurch Communications |
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Joanne Shears / Harriet Rae |
+44 (0)20 7398 7718 |
Notes to editors:
About Personal Group
Personal Group Holdings Plc (AIM: PGH) is a leading provider of employee benefits and financial services, working with blue chip corporates across the UK since the Group was established in 1984.
The Group's integrated benefits and insurance programmes offer employers a cost effective means of attracting, retaining and motivating employees. Personal Group's tailored employee benefits packages include insurance products such as hospital and convalescence plans, death benefit and income protection plans; lifestyle benefits such as holiday and retail discounts; flexible benefit programmes; and a range of tax efficient benefits such as childcare vouchers. Personal Group is committed to encouraging small behavioural changes in utilising the benefits packages available that can have a significant impact on the monthly financial situation of an employee.
The Group's approach to employee communications is fundamental to the success of its programmes, as the balance of face to face meetings and innovative use of technology is a key strength of the Group. In total Personal Group offers access to benefits to over 1.2 million employees, and clients include 3663, Benfield Motor Group, Northumbrian Water Limited, Priory Group, Regatta, Road Chef, Spire Healthcare, TNT and Vinci Construction. Against a backdrop of the government's focus on increasing the responsibility of the individual in terms of lifestyle protection and insurance products, Personal Group enables the employer to put the structure in place for their employees to achieve this more easily.
Personal Group is headquartered in Milton Keynes, listed on AIM in 2000 and today employs over 175 people.
For further information, go to www.personal-group.com.
About Stagecoach Group
· Stagecoach Group is a leading international public transport group, with extensive operations in the UK, United States and Canada. The Group employs around 35,000 people, and operates bus, coach, train, and tram services.
· Stagecoach is one of UK's biggest bus and coach operators with around 8,000 buses and coaches. Around 2.5 million passengers travel on Stagecoach's buses every day on a network stretching from south-west England to the Highlands and Islands of Scotland. The Group's business includes major city bus operations in London, Liverpool, Newcastle, Hull, Manchester, Oxford, Sheffield and Cambridge. Low-cost coach service, megabus.com, operates between around 60 towns and cities across the UK.
· Stagecoach is a major UK rail operator, running the South West Trains, Island Line and East Midlands Trains networks. It has a 49% shareholding in Virgin Rail Group, which operates the West Coast inter-city rail franchise.
· Stagecoach also operates the Supertram light rail network in Sheffield.
· In North America, Stagecoach operates around 2,900 buses and coaches in the United States and Canada. Megabus.com serves more than 100 cities in North America. Stagecoach is also involved in operating commuter and transit services, contracted bus services, charters, sightseeing tours and a small number of school bus services.
For further information about Stagecoach UK Bus visit www.stagecoachbus.com
This information is provided by RNS
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