TIDMPGH

RNS Number : 1245Q

Personal Group Holdings PLC

24 November 2016

 
 Press Release   24 November 2016

Personal Group Holdings plc

("Personal Group", the "Company" or the "Group")

PDMR Dealing and Issue of Equity

Personal Group Holdings Plc (AIM: PGH), a leading provider of employee benefits, employee related insurance products and financial services in the UK, announces that Mark Scanlon, Chief Executive Officer, today exercised options over 205,793 ordinary shares in the Company at a price of nil pence per share. These options had been granted under the Company's Long Term Incentive Plan. 102,500 of these ordinary shares were immediately sold at GBP3.85 per share sufficient to settle his income tax liability in association with the exercise; the remainder were retained.

Following this transaction, Mark Scanlon has an interest of 131,472 ordinary shares, representing 0.427% of the issued ordinary share capital of the Company.

The Company has allotted a total of 205,793 new ordinary shares of 5p each ("New Shares") in connection with the above exercise. Application has been made for the New Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on 30 November 2016.

Following Admission, the Company will have 30,799,891 ordinary shares in issue admitted to trading on AIM.

The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ----------------------------------------------------------------- 
 a)   Name                        Mark Scanlon 
---  --------------------------  ------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
---  --------------------------  ------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
---  --------------------------  ------------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
---  ----------------------------------------------------------------- 
 a)   Name                        Personal Group Holdings Plc 
---  --------------------------  ------------------------------------- 
 b)   LEI                         N/A 
---  --------------------------  ------------------------------------- 
 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          Ordinary shares of 5p each in 
       financial instrument,       Personal Group Holdings plc 
       type of instrument 
 
       Identification code         Identification code for Personal 
                                   Group Holdings Plc ordinary shares: 
                                   GB0002760279 
---  --------------------------  ------------------------------------- 
 b)   Nature of the transaction   Exercise of options granted under 
                                   the Personal Group Holdings PLC 
                                   Long Term Incentive Plan and 
                                   subsequent sale of ordinary shares 
                                   issued in connection with that 
                                   exercise 
---  --------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)       Volume(s) 
                                    -------------  ----------------- 
                                     Nil            205,793 options 
                                                     exercised 
                                    -------------  ----------------- 
                                     GBP3.85 each   102,500 ordinary 
                                                     shares sold 
                                    -------------  ----------------- 
---  --------------------------  ------------------------------------- 
 d)   Aggregated information      N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
---  --------------------------  ------------------------------------- 
 e)   Date of the transaction     24 November 2016 
---  --------------------------  ------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
---  --------------------------  -------------------------------------

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

- ENDS -

For more information please contact:

 
 Personal Group Holdings 
  Plc 
 Mark Scanlon - Chief 
  Executive 
  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 
 Rebecca Clube / Julian 
  Bosdet / 
  Tim Thompson                       +44 (0)20 7398 7700 
 Personalgp@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 Let's Connect. Offering the latest iPads and other tablets, home computers and laptops, smart phones and smart TVs is a highly engaging benefit from which both the employer and employee can profit.

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, and 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 520 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

END

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November 24, 2016 12:39 ET (17:39 GMT)

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