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Last checked at 
14 Jul 2016 07:00
14 July 2016
Pennant International Group plc
(AIM: PEN)
Director Dealing
Support from existing institutional investors
Pennant International Group plc ("Pennant" or "the Group"), the AIM quoted supplier of integrated logistic support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, announces that it has been informed that on 13 July 2016 the Mr CC Powell Pension Fund and the Mrs JK Powell Pension Fund sold in total 4,000,000 ordinary shares of 5p each ("Ordinary Shares") in each case at 52 pence per share to existing institutional investors. In addition, Mrs JK Powell transferred 400,000 Ordinary Shares from her own name to the Mrs JK Powell Pension Fund at a price of 52 pence per share.
The Company announces that further to the above sale and transfers of Ordinary Shares, Mr CC Powell, Mrs JK Powell and their Concert Party hold Ordinary Shares as follows.
Name | Number of shares sold | Share transfers | Revised holding of Ordinary Shares | Percentage (%) of Share Capital |
Mr CC Powell Pension Fund | -2,000,000 | 200,000 | 970,180 | 3.66 |
Mrs JK Powell Pension Fund | -2,000,000 | 200,000 | 867,095 | 3.28 |
Mr CC Powell | - | - | 872,271 | 3.30 |
Mrs JK Powell | - | -400,000 | 2,712,771 | 10.25 |
Miss Nikki Powell | - | - | 488,108 | 1.84 |
Miss Katie Powell | - | - | 391,108 | 1.48 |
-4,000,000 | - | 6,301,533 | 23.80 |
At today's date, the Company has 28,000,000 Ordinary Shares in issue of which 1,527,739 are held in treasury.
Enquiries:
Pennant International Group plc | www.pennantplc.co.uk |
Philip Walker, CFO Chris Snook, CEO | +44 (0) 1452 714 881 |
WH Ireland Limited | www.wh-ireland.co.uk |
Mike Coe / Ed Allsopp | +44 (0) 117 945 3470 |
Walbrook PR (Financial PR) | paul.vann@walbrookpr.com |
Paul Vann / Tom Cooper | +44 (0)20 7933 8780 |
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