Director Dealing

RNS Number : 1326E

Pennant International Group PLC

14 July 2016

 

14 July 2016

Pennant International Group plc

(AIM: PEN)

Director Dealing

Support from existing institutional investors

Pennant International Group plc ("Pennant" or "the Group"), the AIM quoted supplier of integrated logistic support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, announces that it has been informed that on 13 July 2016 the Mr CC Powell Pension Fund and the Mrs JK Powell Pension Fund sold in total 4,000,000 ordinary shares of 5p each ("Ordinary Shares") in each case at 52 pence per share to existing institutional investors.  In addition, Mrs JK Powell transferred 400,000 Ordinary Shares from her own name to the Mrs JK Powell Pension Fund at a price of 52 pence per share.

The Company announces that further to the above sale and transfers of Ordinary Shares, Mr CC Powell, Mrs JK Powell and their Concert Party hold Ordinary Shares as follows.

Name	Number of shares sold	Share transfers	Revised holding of Ordinary Shares	Percentage (%) of Share Capital
Mr CC Powell Pension Fund	-2,000,000	200,000	970,180	3.66
Mrs JK Powell Pension Fund	-2,000,000	200,000	867,095	3.28
Mr CC Powell	-	-	872,271	3.30
Mrs JK Powell	-	-400,000	2,712,771	10.25
Miss Nikki Powell	-	-	488,108	1.84
Miss Katie Powell	-	-	391,108	1.48
	-4,000,000	-	6,301,533	23.80

At today's date, the Company has 28,000,000 Ordinary Shares in issue of which 1,527,739 are held in treasury.

Enquiries:

Pennant International Group plc	www.pennantplc.co.uk
Philip Walker, CFO Chris Snook, CEO	[phone]
WH Ireland Limited	www.wh-ireland.co.uk
Mike Coe / Ed Allsopp	[phone]
Walbrook PR (Financial PR)	[e-mail]
Paul Vann / Tom Cooper	[phone]

 

END

 

 

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