Last checked at 6 Apr 2022 07:00
FOR IMMEDIATE RELEASE 06 April 2022
PENNANT INTERNATIONAL GROUP PLC
Issue of Equity, Director & PDMR Dealings and Total Voting Rights
Pennant International Group plc (AIM:PEN)("Pennant", the "Group" or "Company"), a leading global provider of training technology and integrated product support solutions, announces a share issue to satisfy subscriptions under its employee Share Incentive Plan (the "SIP"), and additional Director share purchases.
The Company has issued an aggregate of 68,954 new ordinary shares of 5p each to satisfy subscriptions under the SIP (the "SIP Shares"). The SIP Shares have been issued at 35p per share in accordance with the rules of the SIP, being the market price at the start of the subscription period.
As participants in the SIP, Philip Walker (Chief Executive Officer), David Clements (Commercial & Risk Director) and Michael Brinson (non-Board Director of Finance, a PDMR) have each subscribed for 5,142 SIP Shares.
Additionally, the Company has been informed that on 4 April 2022, Philip Walker and David Clements each purchased a further 7,090 ordinary shares in the market at a price of 35p per share.
Application for admission to trading on AIM of the 68,954 SIP Shares has been made and admission of the SIP Shares is expected to take place on or before 11 April 2022.
The SIP Shares will rank pari passu with the existing ordinary shares in issue. The SIP Shares will represent approximately 0.2% per cent. 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
In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the SIP Shares, its issued ordinary share capital will comprise 36,709,311 ordinary shares of 5 pence each. All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 36,709,311 on admission of the SIP Shares. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.
Enquiries:
Pennant International Group plc | www.pennantplc.co.uk |
Philip Walker, CEO David Clements, Commercial & Risk Director | +44 (0) 1452 714 914 |
WH Ireland Limited | www.whirelandcb.com |
Mike Coe / Sarah Mather | +44 (0) 117 945 3470 |
Walbrook PR (Financial PR) | paul.vann@walbrookpr.com |
Paul Vann / Tom Cooper | +44 (0)20 7933 8780 +44 (0)7768 807631 |
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
| Purchase of shares under the Employees Share Incentive Plan. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Purchase of shares | 35p | 5,142 | |||
d)
| Aggregated information | Purchase of shares | |||
- Aggregated volume | 5,142 | ||||
- Price | £1,800 | ||||
e)
| Date of the transaction
| 06 April 2022 | |||
f)
| Place of the transaction | London Stock Exchange, AIM | |||
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
| Purchase | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Purchase of shares | 35p | 7,090 | |||
d)
| Aggregated information | Purchase of shares | |||
- Aggregated volume | 7,090 | ||||
- Price | £2,481.50 | ||||
e)
| Date of the transaction
| 04 April 2022 | |||
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
| Purchase of shares under the Employees Share Incentive Plan. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Purchase of shares | 35p | 5,142 | |||
d)
| Aggregated information | Purchase of shares | |||
- Aggregated volume | 5,142 | ||||
- Price | £1,800 | ||||
e)
| Date of the transaction
| 06 April 2022 | |||
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
| Purchase | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Purchase of shares | 35p | 7,090 | |||
d)
| Aggregated information | Purchase of shares | |||
- Aggregated volume | 7,090 | ||||
- Price | £2,481.50 | ||||
e)
| Date of the transaction
| 04 April 2022 | |||
f)
| Place of the transaction | London Stock Exchange, AIM | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Michael Brinson | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Director of Finance (a PDMR) | |||
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
| Purchase of shares under the Employees Share Incentive Plan. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Purchase of shares | 35p | 5,142 | |||
d)
| Aggregated information | Award of shares | |||
- Aggregated volume | 5,142 | ||||
- Price | £1,800 | ||||
e)
| Date of the transaction
| 06 April 2022 | |||
f)
| Place of the transaction | London Stock Exchange, AIM | |||