Pennant International Group PLC Director Dealings

RNS Number : 7013V

Pennant International Group PLC

03 February 2025

 

 

FOR IMMEDIATE RELEASE                                                                           3 February 2025

                                                                    

PENNANT INTERNATIONAL GROUP PLC

 

Director Dealings

 

Pennant International Group plc (AIM:PEN), the systems support software and training solutions company, announces that it has been informed of the following dealings in ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") by Philip Walker (Chief Executive Officer), Darren Wiggins (Chief Financial Officer) and David Clements (Commercial & Risk Director).

 

Director	Position	Number of Ordinary Shares acquired	Price paid per share (p)	Resulting interest in shares	Resulting percentage holding
Philip Walker	Chief Executive Officer	36,981	26.90	177,126	0.41%
Darren Wiggins	Chief Financial Officer	33,274	25.77	33,274	0.08%
David Clements	Commercial & Risk Director	104,639	26.75	244,147	0.56%

 

The table at the end of this announcement provides further information in accordance with the requirements of the UK Market Abuse Regulation.

 

Enquiries:

  

Pennant International Group plc	www.pennantplc.com
David Clements, Company Secretary	[phone]
Zeus (Nomad)	www.zeuscapital.co.uk
Mike Coe / Darshan Patel / Ed Beddows (Investment Banking)	[phone]
Cavendish Capital Markets Limited (Broker)	www.cavendish.com
Ben Jeynes / Callum Davidson / George Lawson (Corporate Finance)	[phone]
Michael Johnson / Dale Bellis / Sunila de Silva (Sales and Corporate Broking)
Walbrook PR (Financial PR)	[e-mail]
Tom Cooper Joe Walker	[phone] Mob: [phone]

 

Notes to editors:

Pennant International Group plc (AIM: PEN) is a technology driven, leading global provider of system support software and 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 segments:

•     Software: a key generator of recurring revenues through the provision of a suite of 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.

•    Technical Services: drives repeatable revenues through expert support for users of Pennant and third party solutions including consultancy, support and maintenance, training and bespoke development.

•    Training Systems: project-based revenues relating to the design and build of hardware, software and virtual training solutions for maintainers and operators of aircraft, ships and land systems.

Pennant is strategically focused on sustainable recurring and repeatable revenues 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 Asia-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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price Volume 26.9p 36,981
d)	Aggregated information   Aggregated volume   Price	36,981   £9,947.89
e)	Date of the transaction	3 February 2025
f)	Place of the transaction	London Stock Exchange, AIM

 

 

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Darren Wiggins
2	Reason for the notification
a)	Position/status	Chief Financial 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 Ordinary Shares
c)	Price(s) and volume(s)	Price Volume 25.77p 33,274
d)	Aggregated information   Aggregated volume   Price	33,274   £8,574.71
e)	Date of the transaction	31 January 2025
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 Ordinary Shares
c)	Price(s) and volume(s)	Price Volume 26.75p 104,639
d)	Aggregated information   Aggregated volume   Price	104,639   £27,990.93
e)	Date of the transaction	31 January 2025
f)	Place of the transaction	London Stock Exchange, AIM

 

 

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