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AGM Statement 01 May 2019

Investor news

Posted on: Thursday May 02, 2019

Press Release 2 May 2019

Personal Group Holding PLC

(the “Company”, “Personal Group”, “PGH” or “Group”)

AGM Statement

At the Annual General Meeting of Personal Group PLC, to be held today at 1:00pm at John Ormond House, 899 Silbury Boulevard, Milton Keynes, MK9 3XL, Mark Winlow, Chairman of the Company, will make the following statement:

"Personal Group has had a solid start to the year, with trading in-line with expectations. The Company’s core insurance business is performing in-line with budget and PG Let’s Connect, the Company's technology salary sacrifice business, has had a strong start to the year. Furthermore, the Company feels confident that its SaaS offer, Hapi, will deliver an improved performance through the rest of 2019, following the acquisition of Innecto. 

The market for employee benefits remains robust. This is despite the less certain business environment as employers are put under increasing pressure to retain staff and maximise productivity; which in turn could benefit the Group. The Company’s product offerings are market leading and the focus for the foreseeable future will be to increase the Company’s revenues across all sectors of the business.

It has been an encouraging start to the year and the Board believes the Company remains on course to meet expectations for the full year."

For more information please contact:

Personal Group Holdings

Deborah Frost/Mike Dugdale - +44 (0)1908 605000

Philip Dennis (Investor Relations) - +44 (0)7947 868206

Cenkos Securities plc

Max Hartley/Callum Davidson (Nomad) - +44 (0)20 7397 8900

Russell Kerr (Sales)

Hudson Sandler

Nick Lyon/Sophie Lister/Lucy Wollam - +44 (0)20 7796 4133


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