leadf
logo-loader
viewPersonal Group Holdings PLC

Personal Group chairman says firm has made an encouraging start to the year, given the current environment

“We continue to engage with clients, existing and new and I am pleased to announce that we are negotiating significant potential new Let's Connect and Insurance clients which are on-going"

Meeting
In a separate statement, Personal Group also announced that its CFO Mike Dugdale has confirmed his intention to retire on September 30

Personal Group PLC (LON:PGH) chairman Mark Winlow will tell shareholders at Thursday’s annual general meeting that, given the current coronavirus (COVID-19) pandemic environment, the leading provider of employee services has made an encouraging start to the year.

In the AGM statement Winlow said: "Like many companies, much of 2020 has been taken up with preparing for, and responding to, COVID-19, however, it is still too early to accurately assess its eventual impact on our clients, their employees and our business.”

READ: Personal Group to continue its focus on "protecting the unprotected"

He added: “We do have a robust recurring revenue model across the Group including insurance where the most obvious impact is that currently we cannot sell our insurance products face-to-face.  So, as an example of the actions we are taking, we have switched our salesforce to telesales to retain and recapture policyholders.

“We have also introduced new company-wide pandemic insurance product for our clients. We are proud that during the crisis, once more we have kept our promises. We are paying out on COVID-19 claims and supporting bereaved families and hospitalised policyholders through this difficult period.”

The chairman concluded: “We continue to engage with clients, existing and new and I am pleased to announce that we are negotiating significant potential new Let's Connect and Insurance clients which are on-going despite the challenges of COVID-19."

CFO change

In a separate statement, Personal Group also announced that its CFO Mike Dugdale has confirmed his intention to retire on September 30, 2020.

The company said Sarah Mace, the group financial controller and company secretary, will be appointed as Interim CFO on September 30, Dugdale’s departure date, allowing an orderly handover and transition time.

In that statement, Winlow commented: "We have enjoyed the benefit of Mike's broad experience for over 7 years which has seen him contribute across a wide range of our activities. 

“As well as establishing a very capable finance function, Mike has been at the vanguard of acquiring Innecto and Let's Connect and provided a strong link with our investors.  As Chairman, I have benefitted from his contribution as a board director where he has provided guidance and challenge in addition to his executive responsibilities. I wish Mike well in his retirement.”

He added: ''I am particularly pleased that we have such a strong internal candidate in Sarah, who can step into the interim CFO role at this particularly challenging time."

Quick facts: Personal Group Holdings PLC

Price: 200 GBX

AIM:PGH
Market: AIM
Market Cap: £62.44 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Personal Group Holdings PLC named herein, including the promotion by the Company of Personal Group Holdings PLC in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

FansUnite Entertainment pleased Canada taking a look at allowing single...

FansUnite Entertainment (CSE: FANS- OTCQB: FUNFF) President Darius Eghdami joined Steve Darling from Proactive with news the company is hailing the Canadian government’s decision to introduce legislation that would legalize single-event sports betting in Canada. Eghdami talks about why that...

1 day ago

2 min read