Issue of Equity under the LTIP 1
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Press Release |
27 April 2016 |
Personal Group Holdings plc
("Personal Group", the "Company" or the "Group")
Issue of Equity under the LTIP 1
Personal Group Holdings Plc (AIM: PGH), a leading provider of employee benefits, employee related insurance products and financial services in the UK, announces the allotment of shares in relation to the Company's Long Term Incentive Plan ("LTIP 1").
As announced on 18 December 2012, the Company stated that it had implemented an LTIP to reward directors and certain other senior employees in a way that aligns the interests of LTIP participants with the interests of shareholders, as well as with the Group's long-term strategic plan. Details of this plan, LTIP 1, are disclosed in the Group's financial statements for the year ended 31 December 2015.
The Company has today allotted a total of 35,908 new ordinary shares of 5p each ("New Shares") in connection with an exercise of options awarded to senior employees which has now crystallised under LTIP 1. Application will be made for the New Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on 4 May 2016.
Following Admission, the Company will have 30,446,416 ordinary shares in issue. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares in the Company with voting rights is 30,446,416.
- ENDS -
For more information please contact:
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Personal Group Holdings Plc |
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Mark Scanlon - Chief Executive Mike Dugdale - Chief Financial Officer |
+44 (0)1908 605 000 |
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Cenkos Securities Plc |
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Max Hartley / Stephen Keys (Nomad) |
+44 (0)20 7397 8900 |
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Russell Kerr (Sales) |
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Media enquiries:
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Abchurch Communications |
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Quincy Allan / Alex Shaw |
+44 (0)20 7398 7700 |
Notes to Editors
With over 30 years' experience of looking after its customers' employees, Personal Group Holdings Plc (AIM: PGH) is a leading provider of employee benefits and employee related insurance products, offering benefits programmes to over 2 million employees across the UK.
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 offering compelling to blue chip clients across the UK as a way of attracting, retaining and motivating employees. The Group tailors its packages to include insurance products such as hospital and convalescence plans, death benefit and income protection plans, as well as lifestyle benefits such as holiday and retail discounts, health and wellbeing benefits and a range of tax efficient benefits.
Personal Group can also supply home technology via salary sacrifice through its subsidiary Let's Connect. Offering the latest iPads and other tablets, home computers and laptops, smart phones and smart TVs is a highly engaging benefit from which both the employer and employee can profit. In April 2015 the Group established its own Mobile Virtual Network Operator (MVNO) called Personal Group Mobile Ltd. which was achieved through the acquisition of the assets of shebang Technologies Ltd. This means that home technology, including handsets and airtime, can be provided via salary sacrifice with a reduction of c10-47% on costs to its client's employees.
Personal Group has a strong client base across a range of sectors including transport, where it works with the likes of Network Rail, Stagecoach and EYMS Group Ltd, and healthcare, where clients include Four Seasons Health Care, Priory Group and Spire Healthcare. The Group also covers logistics, with companies such as TNT Express and Bibby, and motoring with Manheim and JCT600 as clients. In addition the Group also has a strong presence in food manufacturing and service and clients include 2 Sisters Food Group and Young's Seafood.
With over 520 clients the Group has grown considerably and provides engaging and effective benefits packages across a breadth of sectors.
For further information, go to www.personal-group.com.
This information is provided by RNS
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