Press Release |
30 October 2014 |
Personal Group Holdings plc
("Personal Group" or "the Company" or "the Group")
Court Case Judgement
Personal Group Holdings plc (AIM:PGH), a leading provider of employee benefits, employee related insurance products and financial services in the UK, announces that following a High Court hearing that took place in July 2014, a judgement has been handed down unequivocally in favour of two of the subsidiary companies of Personal Group. A summary of the Judge's ruling has been made public with the costs in our favour and damages to be determined.
Mark Scanlon, Chief Executive of Personal Group, commented: "The Group is very pleased with the outcome of this case. Although a long and arduous process, the result is a vindication of the Board's decision that action had to be taken to protect the Group's business and customer base. We felt obliged to take this action and we are happy that justice and common sense have prevailed."
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For more information please contact:
Personal Group Holdings Plc |
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Mark Scanlon, Chief Executive |
+44 (0)1908 605 000 |
Cenkos Securities Plc |
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Max Hartley (nomad) Russell Kerr (sales) |
+44 (0)20 7397 8900 |
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Media enquiries:
Notes to Editors
With a 30 year track record 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. Personal Group's benefits offer employees an effective way of making their pay-packet stretch further. 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.
In March 2014, the Group acquired Lets Connect, a leader in the home technology salary sacrifice market which focuses on large enterprises in the private and public sector.
Personal Group has a strong client base across a range of sectors including transport, where it works with the likes of Network Rail and Stagecoach, healthcare, where clients include Priory Group and Spire Healthcare and logistics, with companies such as TNT Express. 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 550 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.
