REG - Pennant Int. Group - Issue of Equity, Director Dealings & TVR
03/09/2024 11:00
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RNS Number : 7152C Pennant International Group PLC 03 September 2024
03
September 2024
PENNANT INTERNATIONAL GROUP PLC
("Pennant", the "Company" or the "Group")
Issue of Equity, Director Dealings and Total Voting Rights
Pennant International Group plc (AIM:PEN), the systems support and training
solutions company, announces an issue of shares to satisfy awards under its
employee Share Incentive Plan (the "SIP").
The Company has issued an aggregate of 147,928 new ordinary shares of 5p each
to satisfy subscriptions under the SIP (the "SIP Shares"). The SIP Shares have
been issued at 24p per share in accordance with the rules of the SIP, being
the market price at the end of the subscription period.
As participants in the SIP, Philip Walker (Chief Executive Officer) and David
Clements (Commercial & Risk Director) have each subscribed for 15,000 SIP
Shares.
Application for admission to trading on AIM of the 147,928 SIP Shares has been
made and admission of the SIP Shares is expected to take place on or around 6
September 2024. The SIP Shares will rank pari passu with the existing ordinary
shares in issue. The SIP Shares will represent approximately 0.34% of the
Company's enlarged issued share capital on admission. The tables below provide
further details for each PDMR in accordance with the requirements of the EU
Market Abuse Regulation.
Total Voting Rights
Following Admission, the Company's issued share capital will consist of
43,234,133 ordinary shares. No shares are held in treasury. Therefore, the
total number of voting rights in the Company is 43,234,133. Shareholders may
use this figure as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure and Transparency
Rules.
Enquiries:
Pennant International Group plc www.pennantplc.com (http://www.pennantplc.com/)
David Clements, Company Secretary +44 (0) 1452 714 914
Zeus (Nomad) www.zeuscapital.co.uk (http://www.zeuscapital.co.uk/)
Mike Coe / Sarah Mather (Investment Banking) +44 (0) 203 829 5000 (tel:+44%20203%20829%205000)
Cavendish Capital Markets Limited (Broker) www.cavendish.com (http://www.cavendish.com/)
Ben Jeynes / Callum Davidson / George Lawson (Corporate Finance) +44 (0) 207 220 0500
Michael Johnson / Dale Bellis / Sunila de Silva (Sales and Corporate
Broking)
Walbrook PR (Financial PR) pennant@walbrookpr.com (mailto:pennant@walbrookpr.com)
Tom Cooper +44 (0)20 7933 8780
Joe Walker Mob: +44 (0)7971 221 972
Notes to editors:
Pennant International Group plc (AIM: PEN) is a technology driven, leading
global provider of system support services, technical services, and training
solutions. It supports its global customer base in the design, development,
operation, maintenance, and training of complex assets, to maximise
operational and maintenance efficiency.
Its key markets include Aerospace, Defence and Rail, and adjacent
safety-critical markets such as Shipping, Nuclear and Space.
The Group addresses the market through three key business lines:
• Systems support: software tools designed to help clients: manage
and use complex data; ensure equipment availability at optimal cost; and
comply with industry standards. Its Integrated Product Support (IPS) and
Integrated Logistics Support (ILS) software and services equips customers with
powerful market-leading toolsets to manage, model and utilise complex
equipment data.
• Training solutions: provide hardware, software and virtual
solutions, critical skills training for maintainers and operators of aircraft,
ships and land systems.
• Technical services: support all Pennant's software and training
solutions including consultancy, support and maintenance, training and bespoke
development.
The Company's full product suite encompasses consultancy, technical
documentation, rail services, training services, and bespoke engineering
solutions.
Pennant is strategically focused on sustainable recurring revenue and
profitability growth, shifting its model towards high margin software and
services. Against a climate of rising defence budgets and the burgeoning
technological complexity of military, aviation and rail platforms, the demand
for these solutions is expected to grow substantially.
Headquartered in Cheltenham, UK, the Group operates worldwide, with offices in
Europe, North America and Indo-Pacific, serving markets with high barriers to
entry often in regulated industries.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Philip Walker
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Pennant International Group plc
b) LEI 2138005AIIUYSRP5O254
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 5p each
Identification code GB0002570660
b) Nature of the transaction Award of shares under the Employee Share Incentive Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
Award of shares 24p 15,000
d) Aggregated information Award of shares
- Aggregated volume 15,000
- Price £3,600
e) Date of the transaction 03 September 2024
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name David Clements
2 Reason for the notification
a) Position/status Commercial & Risk Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Pennant International Group plc
b) LEI 2138005AIIUYSRP5O254
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 5p each
Identification code GB0002570660
b) Nature of the transaction Award of shares under the Employee Share Incentive Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
Award of shares 24p 7,500
d) Aggregated information Award of shares
- Aggregated volume 15,000
- Price £3,600
e) Date of the transaction 03 September 2024
f) Place of the transaction London Stock Exchange, AIM
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