APP.L Regulatory News (APP)

27 May 2021

Appreciate Group plc

Appreciate Group plc enters partnership with PayPoint

Gifting product to be made available at 28,000 PayPoint retailers

Appreciate Group plc ("Appreciate"), the UK's leading multi-retailer redemption product provider, has entered a new partnership with PayPoint plc that will see its gifting products offered to consumers via PayPoint's network of 28,000 retailer partner stores across the United Kingdom.

Consumers will now be able to purchase Love2Shop e-gift cards at PayPoint outlets. These cards can then be exchanged so that customers can shop with some of the nation's favourite high street and online brands, including Argos, Halfords, Marks & Spencer, ASOS, Costa and Uber Eats.

Appreciate is also working with PayPoint to supply its retailers with marketing support for its retailer partner stores so that awareness of the product in-store can be maximised.

Ian O'Doherty, Chief Executive, at Appreciate Group, said:

"This is an exciting opportunity for Appreciate Group as the partnership provides our first physical distribution network for Love2Shop e-gift cards. Overnight, it provides us with a network of 28,000 stores that reach into the heart of communities throughout the UK.

"Following recent success in building out our digital offering, this agreement further enhances our offer and adds depth to how customers can access our products. Looking ahead, working with partners who we believe can strengthen our proposition and help us drive growth, such as PayPoint, is a key component of our plans for future growth."

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Notes to Editors:

Appreciate Group is one of the UK's leading gifting, pre-payment and engagement companies, and experts at creating joyful experiences and connecting people to the things in life they enjoy the most.

Everything Appreciate Group does is focused on creating more joy in the world, and it is proud to be trusted to help its customers create moments they can treasure and remember, whether they are giving, celebrating or rewarding.

Appreciate Group is a financial services business with a wide portfolio of brands which provide solutions for its consumer and business customers. Its consumer-facing brands meet a range of prepayment and gifting needs, while its business products help corporate customers reward and recognise their employees and clients.

Appreciate Group is home to many of the country's most-loved gifting, pre-payment and engagement solutions including Park Christmas Savings, Highstreetvouchers.com and Love2shop, and we are fast-becoming the home of digital innovation in gifting.

Whether it's saving towards the perfect family Christmas or celebrating with gift cards and vouchers, we create and supply products that millions of people trust when it comes to giving and receiving with family, friends or colleagues.

Park Christmas Savings: As the UK's largest family Christmas savings club, Park Christmas Savings has helped over 2.7 million families budget for Christmas on a short-term or year-round basis.

Love2shop: Love2shop offers gift cards and gift vouchers available to spend at stores and attractions across the UK. They are also used through our Love2shop Business Services providing corporate partners with incentives and rewards for their employees and clients.

Love2shop Contactless Gift Card: The UK's first fully digital multi-retailer gift card, available to spend online or in-store through your mobile wallet.

Appreciate Group plc's shares are traded on AIM, a market operated by the London Stock Exchange.

The Park Prepayments Protection Trust is designed to increase protection for customers' prepayments. The Trust has three directors, two of whom are independent of Appreciate. Details of the trust are set out here: https://www.getpark.co.uk/CORPORATE/declaration.pdf 

About PayPoint

For tens of thousands of businesses and their customers, we make life and payments more convenient.

For retailers, we offer innovative and time-saving technology that empowers them to achieve higher footfall and increased spend so they can grow their businesses profitably. Our innovative retail services platform, PayPoint One, is now live in over 17,800 shops in the UK and offers everything a modern convenience store needs. More broadly, we also provide card payments services to thousands of growing businesses across the hospitality, auto trade, clothing and households goods sectors. Our technology helps companies to serve customers quickly, improve business efficiency and modernise their operations.

For clients of all sizes, we also provide market-leading payments technologies without the need for capital investment. Our seamlessly integrated omnichannel solution - MultiPay - is a one-stop shop for digital and other customer payments, via any channel and on any device.

Together, these solutions help millions of consumers to control their household finances, make essential payments and access services like cash withdrawals, eMoney and parcel collections and drop-offs. Our UK network of more than 28,000 stores is bigger than all banks, supermarkets and Post Offices together, putting us at the heart of communities nationwide.