Flash note: Positive AGM statement
Park Group’s AGM statement shows the group trading well across all divisions, continuing to benefit from economic recovery and improved consumer sentiment. The recent fall from a year-high share price of 62p may in part reflect the recent sale of 5m shares by the non-executive chairman, but seems unconnected with business developments.Park Group is a provider of prepaid gift cards, multi-retailer gift vouchers and digital rewards services to corporate and consumer markets. Co.'s brands include: Love2shop, a multi-retailer gift voucher and prepaid gift card brand; Park Christmas Savings, which helps families prepare and budget for Christmas in a controlled and careful manner; flexecash®, which issues e-money; Love2shop Business Services, which provides solutions from Co.'s own multi-retailer vouchers and prepaid cards to single store vouchers and cards, gift experiences, holidays and travel; and Evolve, which is a digital rewards platform that provides commercial organizations with a means to reward individuals.
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