Potential Partnership

Personal Group Holdings Plc

("Personal Group")

Potential Partnership

Personal Group Holdings plc (AIM:PGH), a leading provider of employee benefits, employee related insurance products and financial services in the UK, is pleased to announce that it has signed a letter of intent with Sage (UK) Ltd ("Sage") to enter exclusive negotiations for the development of a new product for SMEs in the UK and Irish markets.

A potential partnership with Sage would sit perfectly with Personal Group's strategy of diversifying into the SME market, although it is too early to give any certainty about the outcome of these discussions.  For Sage, successful negotiations could bring Sage another step forward in supporting its core strategy of customer first and championing small businesses to help them win in their markets.

Mark Scanlon, CEO, Personal Group, commented: "We can't think of a better potential partner than Sage to develop a new proposition for the SME market.  If we are successful in securing Sage as a partner, this will see us offering services for the first time in a Software-As-A-Service (SaaS), cloud base and on-demand model."
 

Brendan Flattery, President, Sage Europe, said "At Sage our passion is supporting the heroes of our economy - small and medium businesses - that create two thirds of all new jobs in the UK.  We focus on making it easier for them to do business and working with Personal Group will allow us to do just this.  We are delighted to partner with Personal Group to help small and medium businesses thrive."

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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. In April 2015 the Group established its own Mobile Virtual Network Operator (MVNO) called Personal Group Mobile Ltd. which was achieved through the acquisition of the assets of shebang Technologies Ltd. This means that home technology, including handsets and airtime, can be provided via salary sacrifice with a reduction of c10-47% on costs to its client's employees.

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.