Directorate Change

PERSONAL GROUP HOLDINGS PLC

("Personal Group" or "Company")

Directorate Change

Personal Group Holdings plc today announces that Mark Scanlon has notified the Board of his intention to step down as CEO on or before 17th September 2019. After six and a half years of leading the Company, Mark has overseen a successful period during which Personal Group diversified its operations and grew in scale. A search will now begin to identify a suitable successor, ensuring an orderly handover of responsibilities.

Mark Scanlon, CEO, commented, "I am very proud of what we have achieved and would like to thank everyone who has helped to create the business we have today. The Company has diversified over recent years to include a very strong technology component and is now present in all its addressable markets. I feel that now is an opportune time to hand over to a successor, with the business in great shape and well placed for the next stage of its successful development. Lastly, I would like to thank the very strong management team and committed employees that underpin the business."

Mark Winlow, Chairman, commented, "After nearly seven years in the role, Mark is justifiably proud of the strong foundations that have been laid and the transformation of Personal Group from primarily a successful hospital cash plan insurer to the market defining Employee Services Company. The next decade promises much for Personal Group and Mark leaves the Company in strong health for the next CEO."

This announcement contains inside information.

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Notes to editors

Personal Group Holdings Plc (AIM: PGH) is a technology enabled employee services business, working with employers to drive productivity though better employee engagement and a more motivated workforce. With over 30 years' experience, the Company provides employee benefits and services to over 2 million employees across the UK.

Personal Group's offer comprises 8,000 in-house and third-party products and services, from c.60 supply lines. In-house services include employee insurance products (hospital plans, convalescence plans and death benefit plans) and PG Let's Connect provision of technology via salary sacrifice (iPads, computers, laptops, smart phones and smart TVs). Third party services include retail discounts, employee assistance programmes, wellbeing programmes and salary sacrifice cars and bikes.

The offer is provided via the Company's proprietary technology platform, Hapi. The platform is intuitive, designed primarily for app deployment and is also accessible via the web on PC and tablet, driving better engagement, communication and value recognition. Hapi is flexible and can quickly integrate additional services, such as existing employee services and partner platforms. Hapi is a SaaS product.

Through technology and select acquisitions, the Company has grown its addressable market from 6m to 32m UK employees; including 15.6m SME employees targeted via its partnership with Sage, the UK's largest software company.

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 offer compelling to blue chip clients across the UK as a way of attracting, retaining and motivating employees. 

Personal Group has a strong client base across a range of sectors including passenger transport, healthcare, logistics and food manufacturing. Clients include: Stagecoach, Four Seasons Health Care, Priory Group, Spire Healthcare, Bibby, 2 Sisters Food Group and Young's Seafood.

For further information, please see www.personalgroup.com