24 September 2024
PENNANT INTERNATIONAL GROUP PLC
("Pennant", the "Company" or the "Group")
Director Dealing
Pennant International Group plc (AIM:PEN), the systems support software and training solutions company, announces that it has been informed that Klaas van der Leest, Non-Executive Director, has purchased 42,500 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") at a price of 24p per Ordinary Share on 23 September 2024. Following this transaction, Klaas van der Leest holds 42,500 Ordinary Shares, representing 0.1% of the Company's voting share capital.
Enquiries:
| Pennant International Group plc | | |
| David Clements, Company Secretary | +44 (0) 1452 714 914 | |
| | | |
| Zeus (Nomad) | | |
| Mike Coe / Sarah Mather (Investment Banking) | | |
| | | |
| Cavendish Capital Markets Limited (Broker) | | |
| Ben Jeynes / Callum Davidson / George Lawson (Corporate Finance) | +44 (0) 207 220 0500 | |
| Michael Johnson / Dale Bellis / Sunila de Silva (Sales and Corporate Broking) | | |
| | | |
| Walbrook PR (Financial PR) | | |
| Tom Cooper Joe Walker | +44 (0)20 7933 8780 Mob: +44 (0)7971 221 972 | |
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 lines:
• Systems support software: 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.
• Training systems: provide hardware, software and virtual solutions, critical skills training for maintainers and operators of aircraft, ships and land systems.
• Technical services: support all Pennant's software and training solutions including consultancy, support and maintenance, training and bespoke development.
The Company's full product suite encompasses consultancy, technical documentation, rail services, training services, and bespoke engineering solutions.
Pennant is strategically focused on sustainable recurring revenue 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 Indo-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 | Klaas van der Leest | ||||
| 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 | Ordinary Shares of 5p each | ||||
| | | |||||
| Identification code | GB0002570660 | |||||
| | | |||||
| b)
| Nature of the transaction
| Purchase | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
Aggregated volume
Price
|
42,500
£10,200 | ||||
| e)
| Date of the transaction
| 23 September 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
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