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 plc | |
| Philip Walker, CEO David Clements, Commercial & Risk Director | +44 (0) 1452 714 914 |
| | |
| WH Ireland Limited (Nomad and Broker) | |
| Mike Coe Sarah Mather | +44 (0) 20 7220 1666 |
| | |
| Walbrook PR (Financial PR) | |
| Paul Vann Tom Cooper | +44 (0)20 7933 8780 Mob: +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
| 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 | |||
| 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
| 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 | | £1,583 | | | |
| | | ||||
| e)
| Date of the transaction
| 09 August 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
| Non-Board 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
| 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 | | £1,002 | | | |
| | | ||||
| e)
| Date of the transaction
| 09 August 2022 | |||
| f)
| Place of the transaction | London Stock Exchange, AIM | |||
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