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38.5p -0.5  -1.3%

Last Trade - 14/05/21

Sector
Industrials
Size
Small Cap
Market Cap £71.7m
Enterprise Value £51.2m
Revenue £106.9m
Position in Universe 1150th / 1826

RCS - Park Group PLC - flexecash® Cards Now Accepted Online by Argos

Thu 1st December, 2016 7:01am
RNS Number : 6135Q
Park Group PLC
01 December 2016

1 December 2016

Park Group plc

("Park" or the "Group")

flexecash Cards Now Accepted Online by Argos

Park Group plc, the UK's leading multi-retailer gift voucher and prepaid gift card business focused on the corporate and consumer markets, today announces that its flexecash cards can now be used for online fast track collection services at www.argos.co.uk. This deepens the relationship with Argos, which already accepts the cards for in-store purchases in over 840 stores nationwide.

flexecash is the IT infrastructure developed in-house and owned by Park which allows the issue and processing of prepaid gift cards. This platform empowers brands within the Group to deliver flexible corporate and consumer gift and reward schemes to suit the requirements of an ever-expanding and diversifying customer base.

Since its launch in 2010 with just 11 retailers, flexecash is now accepted by 95 UK retailers comprising around 14,000 outlets, including household names such as M&S, Boots and Debenhams. Over 500 million of value has been loaded onto the cards to date.

Chris Houghton, Chief Executive Officer of Park commented: "Being able to shop online at Argos is a huge benefit to all flexecash cardholders and we are very excited that this option has been made available in time for Christmas.

"As we had hoped, flexecash has proved as versatile as it is attractive to our end customers, but we are not resting on our laurels. We listen closely to what our consumer and corporate customers want and are constantly looking to expand the choice of retailers, and develop new products, services and digital applications to better serve them."

To find out more about flexecash applications please visit www.parkgroup.co.uk/flexecash.aspx.

For further information please contact:

Park Group plc

Arden Partners plc

Tavistock Communications

Chris Houghton

Martin Stewart

Steve Douglas

Benjamin Cryer

Andrew Dunn

Jeremy Carey

Tel: 0151 653 1700

Tel: 020 7614 5920

Tel: 020 7920 3150


This information is provided by RNS
The company news service from the London Stock Exchange
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