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PEN Pennant International Group Plc

28.50
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pennant International Group Plc LSE:PEN London Ordinary Share GB0002570660 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 28.50 28.00 29.00 28.50 28.50 28.50 101,064 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 13.69M -901k -0.0244 -11.68 10.51M

Pennant International Group PLC Issue of Equity, Director/PDMR Dealings & TVR (4699V)

09/08/2022 5:51pm

UK Regulatory


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TIDMPEN

RNS Number : 4699V

Pennant International Group PLC

09 August 2022

FOR IMMEDIATE RELEASE 09 August 2022

PENNANT INTERNATIONAL GROUP PLC

Issue of Equity, Director 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 that it has issued 81,136 new ordinary shares of 5p each to satisfy awards under its employee Share Incentive Plan (the "SIP", the "SIP Shares").

In accordance with the terms of the SIP, the SIP Shares have been issued as 'free shares', with each relevant employee's entitlement calculated by reference to a share price of 29.5p per share, being the market price at the date of award.

Details of the respective SIP awards to Directors and a PDMR are set out below:

 
 Director/PDMR                                  No. SIP 
                                         Shares awarded 
 Philip Walker (Chief Executive 
  Officer)                                        7,515 
                                       ---------------- 
 David Clements (Commercial & 
  Risk Director)                                  5,368 
                                       ---------------- 
 Michael Brinson (non-Board Director 
  of Finance, a PDMR)                             3,399 
                                       ---------------- 
 

The SIP Shares are subject to forfeiture provisions for the first three years following award. The tables below provide further details for each PDMR in accordance with the requirements of the Market Abuse Regulation.

Certain employees, including the above-named PDMRs, have also elected to sacrifice salary each month to save to subscribe for further shares under the SIP (subject to the statutory annual limit per employee), such subscriptions being intended to complete in July 2023.

Application for admission to trading on AIM for the 81,136 SIP Shares has been made and admission is expected to take place on 15 August 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.

Total Voting Rights

Following Admission, the Company's issued share capital will consist of 36,790,447 ordinary shares, no shares are held in treasury. Therefore, the total number of voting rights in the Company is 36,790,447. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

Enquiries:

 
 Pennant International Group      www.pennantplc.co.uk 
  plc 
 Philip Walker, CEO 
  David Clements, Commercial & 
  Risk Director                   +44 (0) 1452 714 914 
 
 WH Ireland Limited (Nomad and    www.whirelandcb.com 
  Broker) 
 Mike Coe 
  Sarah Mather                    +44 (0) 20 7220 1666 
 
 Walbrook PR (Financial PR)       paul.vann@walbrookpr.com 
 Paul Vann                        +44 (0)20 7933 8780 
  Tom Cooper                       Mob: +44 (0)7768 807631 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                Philip Walker 
      ----------------------------------  --------------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------- 
 a)    Position/status                     Chief Executive Officer 
      ----------------------------------  --------------------------------------------- 
 b)    Initial notification                Initial Notification 
        /Amendment 
      ----------------------------------  --------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)    Name                                Pennant International Group plc 
      ----------------------------------  --------------------------------------------- 
 b)    LEI                                 2138005AIIUYSRP5O254 
      ----------------------------------  --------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                  Ordinary Shares of 5p each 
        financial instrument, 
        type of instrument 
 
       Identification code                 GB0002570660 
 
 b)    Nature of the transaction           Award of free shares under the Employee 
                                            Share Incentive Plan. 
      ----------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                            Price(s)                   Volume(s) 
  Award of shares                           29.5p                      7,515 
 
 d)    Aggregated information               Award of shares 
 
  - Aggregated volume                       7,515 
 
  - Price                                   2,217 
 
 e)    Date of the transaction             09 August 2022 
      ----------------------------------  --------------------------------------------- 
 f)    Place of the transaction            London Stock Exchange, AIM 
      ----------------------------------  --------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                David Clements 
      ----------------------------------  --------------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------- 
 a)    Position/status                     Commercial & Risk Director 
      ----------------------------------  --------------------------------------------- 
 b)    Initial notification                Initial Notification 
        /Amendment 
      ----------------------------------  --------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)    Name                                Pennant International Group plc 
      ----------------------------------  --------------------------------------------- 
 b)    LEI                                 2138005AIIUYSRP5O254 
      ----------------------------------  --------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                  Ordinary Shares of 5p each 
        financial instrument, 
        type of instrument 
 
       Identification code                 GB0002570660 
 
 b)    Nature of the transaction           Award of free shares under the Employee 
                                            Share Incentive Plan. 
      ----------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                            Price(s)                   Volume(s) 
  Award of shares                           29.5p                      5,368 
 
 d)    Aggregated information               Award of shares 
 
  - Aggregated volume                       5,368 
 
  - Price                                   GBP1,583 
 
 e)    Date of the transaction             09 August 2022 
      ----------------------------------  --------------------------------------------- 
 f)    Place of the transaction            London Stock Exchange, AIM 
      ----------------------------------  --------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                Michael Brinson 
      ----------------------------------  --------------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------- 
 a)    Position/status                     Non-Board Director of Finance, a 
                                            PDMR 
      ----------------------------------  --------------------------------------------- 
 b)    Initial notification                Initial Notification 
        /Amendment 
      ----------------------------------  --------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)    Name                                Pennant International Group plc 
      ----------------------------------  --------------------------------------------- 
 b)    LEI                                 2138005AIIUYSRP5O254 
      ----------------------------------  --------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                  Ordinary Shares of 5p each 
        financial instrument, 
        type of instrument 
 
       Identification code                 GB0002570660 
 
 b)    Nature of the transaction           Award of free shares under the Employee 
                                            Share Incentive Plan. 
      ----------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                            Price(s)                   Volume(s) 
  Award of shares                           29.5p                      3,399 
 
 d)    Aggregated information               Award of shares 
 
  - Aggregated volume                       3,399 
 
  - Price                                   GBP1,002 
 
 e)    Date of the transaction             09 August 2022 
      ----------------------------------  --------------------------------------------- 
 f)    Place of the transaction            London Stock Exchange, AIM 
      ----------------------------------  --------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

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August 09, 2022 12:51 ET (16:51 GMT)

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