REG - Personal Group - Issue of Equity under the LTIP <Origin Href="QuoteRef">PGH.L</Origin>

Personal groupAnnouncement

06/09/2014 20:23

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RNS Number : 0439N
Personal Group Holdings PLC
23 July 2014 
 
 Press Release  23 July 2014  
 
 
Personal Group Holdings plc 
 
("Personal Group", the "Company" or the "Group") 
 
Issue of Equity under the LTIP 
 
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"). 
 
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 are
disclosed in the Group's annual report and accounts for the year ended 31
December 2013. 
 
The Company has allotted a total of 12,216 new ordinary shares of 5p each
("New Shares") in connection with an award made to a senior employee in 2012
which has now crystallised under the Company's LTIP.  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 25 July 2014. 
 
Following Admission, the Company will have 30,147,612 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
30,147,612. 
 
-ENDS- 
 
For more information please contact: 
 
 Personal Group Holdings Plc                                 
 Mike Dugdale, Chief Financial Officer  +44 (0)1908 605 000  
 
 
 Cenkos Securities Plc                                    
 Max Hartley / Stephen Keys (Nomad)  +44 (0)20 7397 8900  
 Russell Kerr (Sales)                                     
 
 
Media enquiries: 
 
 Abchurch Communications                                         
 Quincy Allan / Alistair de Kare-Silver  +44 (0)20 7398 7710     
 quincy.allan@abchurch-group.com         www.abchurch-group.com  
 
 
Notes to Editors 
 
With a 30 year track record 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.  Personal Group's
benefits offer employees an effective way of making their pay-packet stretch
further.  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. 
 
In March 2014, the Group acquired Lets Connect, a leader in the home
technology salary sacrifice market which focuses on large enterprises in the
private and public sector. 
 
Personal Group has a strong client base across a range of sectors including
transport, where it works with the likes of Network Rail and Stagecoach,
healthcare, where clients include Priory Group and Spire Healthcare and
logistics, with companies such as TNT Express. 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 550 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
The company news service from the London Stock Exchange