REG - Personal Group - Grant of LTIP
28/05/2026 16:00
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RNS Number : 1149G Personal Group Holdings PLC 28 May 2026
28 May 2026
Personal Group Holdings Plc
("the Company" or "the Group")
Grant of LTIP
Personal Group Holdings Plc (AIM: PGH), the workforce benefits and services
provider, announces the grant of options under the Company's Long-Term
Incentive Plan (the "LTIP") as detailed below.
LTIP Awards
A total of 212,357 share awards have been granted under the LTIP. These are
in the form of an option over ordinary shares in the Company and vest subject
to the achievement of certain performance criteria (the "LTIP Awards"). The
LTIP Awards have a nominal value exercise price of £0.05 per share.
The vesting of the LTIP Awards is subject to the satisfaction of performance
conditions assessed over the three financial years ending 31 December 2028.
Once vested, the options may be exercised at any time until the tenth
anniversary of the award date. The LTIP Awards are subject to claw back and
malus provisions.
Performance conditions
The LTIP Awards are subject to performance hurdles on two targets, as below:
Attainment Target % of LTIP Awards subject to Attainment Target Measurement Period Proportion of LTIP Awards that vest relative to satisfaction of Attainment
Target
Total Shareholder Return ("TSR")(1) 40% 1 January 2026 to 10% of the LTIP Awards will vest at achievement of the threshold target with
40% vesting at maximum target and a linear sliding scale between 10% - 40%.
31 December 2028
Adjusted EBITDA(2) 60% 1 January 2026 to 15% of the LTIP Awards will vest at achievement of the threshold target with
60% vesting at maximum target and a linear sliding scale between 15% - 60%
31 December 2028
( )
(1) Total Shareholder Return = ((Average Closing Share Price - Average Opening
Share Price) + cash dividends paid in the Performance Period) divided by the
Average Opening Share Price, with the resultant growth rate expressed as an
annual compound growth rate.
(2) Adjusted EBITDA is defined as earnings before interest, tax, depreciation,
amortisation of intangible assets, goodwill impairment, share-based payment
expenses, profit or loss on disposal of subsidiaries, corporate acquisition
costs and restructuring costs.
The core performance measures underpinning the LTIP Awards are the delivery
of:
· at least 9.0% per annum cumulative TSR growth up to a maximum of
16.0% for full vesting; and
· a minimum of a 45% increase in EBITDA per share in 2028 in
comparison to the 2025 value. The maximum threshold is achieved with an 70%
increase in EBITDA per share in 2028 in comparison to 2025.
The LTIP Awards were granted to the following PDMRs:
PDMR Number of options over ordinary shares granted
Paula Constant - Chief Executive Officer 100,480
Hywel Phillips - Chief Operating Officer 39,431
Jenny Hinde - Chief People Officer 11,529
Arianne Riddell - Chief Sales Officer 15,963
Karen Thornley - Innecto Chief Executive Officer 15,826
Other senior staff members (non-PDMR) 29,128
Further detail is provided below in accordance with Article 19.3 of the EU
Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Paula Constant
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Personal Group Holdings Plc
b) LEI 213800TN8BH2YYWAH345
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of 5p each
Identification code
ISIN: GB0002760279
b) Nature of the transaction Grant of options
Price(s) and volume(s) Price(s) Volume(s)
Nil 100,480
c)
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 26 May 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
26 May 2026
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Hywel Phillips
2 Reason for the notification
a) Position/status Chief Operating Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Personal Group Holdings Plc
b) LEI 213800TN8BH2YYWAH345
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of 5p each
Identification code
ISIN: GB0002760279
b) Nature of the transaction Grant of options
Price(s) Volume(s)
Nil 39,431
Price(s) and volume(s)
c)
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 26 May 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
26 May 2026
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Karen Thornley
2 Reason for the notification
a) Position/status Innecto Chief Executive Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Personal Group Holdings Plc
b) LEI 213800TN8BH2YYWAH345
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of 5p each
Identification code
ISIN: GB0002760279
b) Nature of the transaction Grant of options
Price(s) Volume(s)
Nil 15,826
Price(s) and volume(s)
c)
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 26 May 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
26 May 2026
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jenny Hinde
2 Reason for the notification
a) Position/status Chief People Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Personal Group Holdings Plc
b) LEI 213800TN8BH2YYWAH345
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of 5p each
Identification code
ISIN: GB0002760279
b) Nature of the transaction Grant of options
Price(s) Volume(s)
Nil 11,529
Price(s) and volume(s)
c)
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 26 May 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
26 May 2026
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Arianne Riddell
2 Reason for the notification
a) Position/status Chief Sales Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Personal Group Holdings Plc
b) LEI 213800TN8BH2YYWAH345
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of 5p each
Identification code
ISIN: GB0002760279
b) Nature of the transaction Grant of options
Price(s) Volume(s)
Nil 15,963
Price(s) and volume(s)
c)
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 26 May 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
26 May 2026
f)
Place of the transaction
Outside a trading venue
- ENDS -
For more information please contact:
Personal Group Holdings Plc
Paula Constant (CEO) Via Alma
Canaccord Genuity Limited (Nominated Adviser & Broker)
Max Hartley / Harry Rees +44 (0)20 7523 8000
Alma Strategic Communications +44 (0)20 3405 0205
Caroline Forde / Kinvara Verdon / Rose Docherty personalgroup@almastrategic.com
Notes to Editors
Personal Group Holdings Plc (AIM: PGH) is a workforce benefits and health
insurance provider. Its vision is to be the champion of affordable and
accessible insurance and benefits, keeping businesses and their employees
happy, healthy and protected. The Group is proud to support the health and
wellbeing of c. 1.25 million UK employees.
The Group's insurance provides employees with access to affordable, individual
policies for hospital, recovery and death benefit plans. The Group's
award-winning benefits platform, Hapi, brings together extensive employee
benefits, discounts and rewards, in one responsive platform. As well as being
sold direct to employers, the Hapi platform supports Sage's Employee Benefits
offerings for SMEs.
This comprehensive range of offerings, powerful platform and unique sales
model of face-to-face, one-to-one engagement with employees, provides Personal
Group with a strong market position from which to grow.
Head-quartered in Milton Keynes, the Group has built an extensive blue-chip
customer list over its 40-year history, including Airtanker, B & Q,
Barchester Healthcare, British Transport Police, British Airways, Merseyrail,
Office of National Statistics, Randstad, Royal Mail Group, The Royal Mint,
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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