Last checked at 12 Oct 2017 12:05
FOR IMMEDIATE RELEASE 12 October 2017
PENNANT INTERNATIONAL GROUP PLC
(AIM:PEN)
Director Dealing
Pennant International Group plc ("Pennant" or the "Company"), the AIM quoted supplier of integrated training and 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 11 October 2017, the following dealings occurred in ordinary shares of 5p each in the capital of the Company ("Ordinary Shares"):
1) The Mrs JK Powell Pension Fund purchased a total of 300,000 Ordinary Shares from the Mr CC Powell Pension Fund at a price of £0.845 per share.
2) The Mr CC Powell Pension Fund purchased a total of 1,300,000 Ordinary Shares from Mr CC Powell at a price of £0.845 per share.
The Company announces that further to the above dealings, the interests of Mr CC Powell and Mrs JK Powell are as follows:
Name | Disposals | Acquisitions | Holding Pre-Dealing | Revised Holding | Percentage (%) of Share Capital |
Mr CC Powell | -1,300,000 |
| 1,750,000 | 450,000 | 1.37% |
Mr CC Powell Pension Fund | -300,000 | 1,300,000 | 1,090,180 | 2,090,180 | 6.34% |
CC Powell sub-total | -1,600,000 | 1,300,000 | 2,840,180 | 2,540,180 | 7.71% |
Mrs JK Powell |
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| 630,000 | 630,000 | 1.91% |
Mrs JK Powell Pension Fund |
| 300,000 | 1,952,137 | 2,252,137 | 6.84% |
JK Powell sub-total |
| 300,000 | 2582137 | 2,882,137 | 8.75% |
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Total | -1,600,000 | 1,600,000 | 5,422,317 | 5,422,317 | 16.46% |
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The total holdings of Mr and Mrs Powell taken together remain unchanged.
The Company has 32,943,533 Ordinary Shares in issue (none of which are held in treasury).
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation,
provides further detail.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
a) | Name | Mr Christopher Powell | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Non-executive 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 Identification code: | Ordinary shares of 5 pence each
ISIN: GB0002570660 | ||||||||
b) | Nature of the transactions | Disposals Sale of 300,000 ordinary shares by Mr CC Powell Pension Fund Sale of 1,300,000 ordinary shares by Mr CC Powell
Acquisitions Purchase of 1,300,000 ordinary shares by Mr CC Powell Pension Fund
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c) | Price(s) and volume(s) |
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d) | Aggregated information
Aggregated volume Price
Aggregated volume Price
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Disposals 1,600,000 £1,352,000
Acquisitions 1,300,000 £1,098,500 | ||||||||
e) | Date of the transaction | 11 October 2017 | ||||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
a) | Name | Mrs JK Powell | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Person closely associated with Christopher Powell (Non-executive 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
Identification code: | Ordinary shares of 5 pence each
ISIN: GB0002570660 | ||||||||
b) | Nature of the transactions | Purchase of 300,000 ordinary shares by Mrs JK Powell Pension Fund
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
300,000 £253,500 | ||||||||
e) | Date of the transaction | 11 October 2017 | ||||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||||
Enquiries:
Pennant International Group plc | www.pennantplc.co.uk |
Philip Walker, CEO David Clements, Commercial Director | +44 (0) 1452 714 881 +44 (0) 1452 714 914 |
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WH Ireland Limited | www.whirelandplc.com |
Mike Coe / Ed Allsopp | +44 (0) 117 945 3470 |
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Walbrook PR (Financial PR) | paul.vann@walbrookpr.com |
Paul Vann / Tom Cooper | +44 (0)20 7933 8780 Mob: +44 (0)7768 807631 |