Grant of Option

RNS Number : 8370O
Pennant International Group PLC
12 October 2021
 

 

 

 

      12 October 2021 

 

 

PENNANT INTERNATIONAL GROUP PLC

          ("Pennant" or "the Company") 

 

Grant of Option

 

 

Pennant International Group plc (AIM:PEN) announces the grant of an option to a Person Discharging Managerial Responsibility.

 

The Company has granted to Michael Brinson, Group Head of Finance, an option over 50,000 ordinary shares at an exercise price of 30 pence per share.

 

The option has been granted under the Company's existing EMI Share Option Scheme established in 2009 and vests 36 months after the date of grant. Further, it is subject to a performance condition such that the option is not exercisable unless and until the Company's share price has been not less than 78.5 pence for a period of at least 20 consecutive business days. The option lapses should Mr Brinson cease to be employed by the Company.

 

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation,

provides further detail.

 

 

Enquiries:

 

Pennant International Group plc

www.pennantplc.co.uk

Philip Walker, CEO

David Clements, Commercial & Risk Director 

+44 (0) 1452 714 914

 

 

WH Ireland Limited (Nomad and Broker)

www.whirelandcb.com

Mike Coe

Sarah Mather

+44 (0) 20 7220 1666

 

 

Walbrook PR (Financial PR)

paul.vann@walbrookpr.com

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

 

 

Michael Brinson

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Head of Finance (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

 

 

Grant of option over unissued ordinary shares  

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

Purchase of shares

 

n/a

50,000

 

 

 

 

 

 

d)

 

Aggregated information

 

Purchase of shares

 

 

 

 

- Aggregated volume

 

50,000

 

 

 

 

- Price

 

£0

 

 

 

 

e)

 

Date of the transaction

 

11/10/2021

f)

 

Place of the transaction

Outside a trading venue

 

 

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END
 
 
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