Personal Group Regulatory News (PGH)

5 May 2021

Personal Group Holdings Plc

("the Company" or "Group")

AGM Statement

The Annual General Meeting of Personal Group Holdings Plc (AIM: PGH), the digitally-enabled employee benefits and services provider, is to be held today at 2:00pm at John Ormond House, 899 Silbury Boulevard, Milton Keynes, MK9 3XL. This will be a closed event, conducted with the minimum necessary quorum of two shareholders present, and will comprise only the formal votes for each resolution set out in the Notice of the AGM.

Following the meeting, a message from Mark Winlow, Chairman of the Company, will be made available on the Personal Group website which will include the following statement:

"We have numerous strategic initiatives underway that give us great confidence for the future, including the introduction of new insurance sales 'roadshows', a focus on margin improvement in Let's Connect and the development of additional benefits services for Hapi.

We believe our capability to sell insurance benefits via phone and video conferencing - methods originally developed in response to social distancing restrictions - is a great new addition to the business, which we will retain going forward. This will help us to acquire, retain and recapture policyholders in the longer term. 

I am also pleased to announce that we have secured significant Let's Connect and Insurance clients in the first few months of 2021. Similarly, our success with Sage has continued, with our platform currently delivering in excess of £1m gross annualised recurring revenues. It represents an exciting mid-term opportunity.

This is my last report as chairman of Personal Group. I step down from Personal Group pleased that we weathered the tidal wave of 2020 and remain buoyant as we progress in 2021.

I am immensely proud to have served both as a director of Personal Group and, in recent years, as chairman. The world in which we operate has changed rapidly in the last eight years and I am pleased to see how much the business has adapted and evolved throughout that period. I leave the business with many opportunities ahead and in the extremely capable hands of Deborah Frost, our CEO and my successor Martin Bennett, former CEO of Homeserve UK.

I thank the entire board for their support."

-ENDS-

For more information please contact:

Notes to Editors

Personal Group Holdings Plc (AIM: PGH) is a digitally-enabled employee benefits and services provider. The Group enables employers across the UK to improve employee engagement and support their people's physical, mental, social and financial wellbeing. Its vision is to create a brighter future for the UK workforce.

Personal Group provides health insurance services and a broad range of employee benefits, engagement and wellbeing products. Many of these services are delivered through its proprietary app, Hapi.

The Group's growth strategy is centred around widening the footprint of the business into the SME, talent-led & Public Sectors, thereby expanding the addressable customer base. In addition, it aims to grow in its existing industrial heartlands, to re-invigorate growth in insurance policyholders and to drive the use of its SaaS offerings.

Clients include: Arsenal FC, Barchester Healthcare, DHL Supply Chain Limited, Merseyrail, Randstad, Royal Mail Group, the Sandwell & Birmingham NHS trust and Stagecoach Group plc. c.40% of clients are served by two or more group companies.

For further information, please see www.personalgroup.com