Last checked at 15 Aug 2016 08:20
15 August 2016
Pennant International Group plc
(AIM: PEN)
Director Dealing
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 following excess demand for its Placing, details of which were announced on 12 August 2016, Chris Snook, Chief Executive of the Company, has today sold 1,000,000 Ordinary Shares of 5p each in each case at 55 pence per share to a new institutional investor which also participated in the Placing.
Following the sale, Chris Snook will hold 487,500 Ordinary Shares in the Company which represents 1.8 per cent. of the Company's existing voting share capital and will represent 1.5 per cent. of the voting share capital following Second Admission of the Conditional Placing as announced earlier today, which is expected to take place on 1 September 2016.
All capitalised terms in this announcement are as defined in the Circular which will be available on the Company's website: www.pennantplc.co.uk
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 |