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

Personal groupAnnouncement

25/07/2015 09:50

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RNS Number : 6971T
Personal Group Holdings PLC
21 July 2015 
 
 Press Release  21 July 2015  
 
 
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 2014. 
 
The Company has allotted a total of 21,309 new ordinary shares of 5p each
("New Shares") in connection with an award made to a senior employee 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 28 July 2015. 
 
Following Admission, the Company will have 30,359,448 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
30,359,448. 
 
-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 / Alex Shaw         +44 (0)20 7398 7710     
 quincy.allan@abchurch-group.com  www.abchurch-group.com  
 
 
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 Lets Connect.  Offering the latest iPads and other tablets,
home computers and laptops, smart phones and smart TVs is a highly engaging
benefit which has employee and employer benefits too. In April 2015 the Group
established its own Mobile Virtual Network Operator (MVNO) called Personal
Group Mobile Ltd. This was achieved through the acquisition of the assets of
shebang Technologies Ltd and in addition to handsets can provide airtime via
salary sacrifice which offers an overall 10-47% reduction on mobile phone
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, 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 450 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