REG - Personal Group - AGM Statement

Personal groupAnnouncement

02/05/2024 07:00

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RNS Number : 9019M  Personal Group Holdings PLC  02 May 2024

2 May 2024

 

Personal Group Holdings plc

("the Company", "Personal Group" or "Group")

 

AGM Statement

 

At the Annual General Meeting of Personal Group, to be held today at 10:00am
at John Ormond House, 899 Silbury Boulevard, Milton Keynes, MK9 3XL, Martin
Bennett, Chair of the Company, will make the following statement:

"Personal Group has enjoyed continued momentum in the first quarter of 2024,
benefitting from a strengthened leadership team and simplified business
processes, and we continue to support the health and wellbeing of over 1.5
million UK employees through our various products and services.

"The strong performance in new insurance sales in 2023 has continued into
2024, achieving year on year growth in key sales metrics. The Benefits
division has won new customers and the migration of Sage customers onto the
next generation of the Hapi Employee Benefits platform is complete. As
previously announced in March, the Group's Pay & Reward division secured
its largest consulting contract to date with a global airline, both adding to
the Group's recurring revenues and increasing profile within its sector.

"With the detailed analysis of our market undertaken earlier this year we have
validated the strength of our insurance offering and benefits platform and
their alignment to our existing and target markets. Now, the team are
developing a comprehensive strategy to ensure we have the offerings and focus
to exploit what is a considerable opportunity ahead.

"With an increasing level of recurring revenues and strong balance sheet
alongside a compelling offering, developing partnerships, and a well-run and
expert field sales team, we remain confident in our ability to deliver
profitable growth in the current year, in line with market expectations."

 

-ENDS-

For more information please contact:

 Personal Group Holdings Plc
 Paula Constant (CEO) / Sarah Mace (CFO)               Via Alma

 Cavendish Capital Markets Limited
 Camilla Hume / Callum Davidson (Nomad)                +44 (0)20 7397 8900
 Jasper Berry (Sales)

 Alma Strategic Communications                         +44 (0)20 3405 0205
 Caroline Forde / Joe Pederzolli / Kinvara Verdon      personalgroup@almastrategic.com

 

 

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.

Group Clients include Airbus, Barchester Healthcare, 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
(http://www.personalgroup.com)

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