Issue of Equity, Director/PDMR Dealings & TVR

RNS Number : 4470H

Pennant International Group PLC

06 April 2022

 

FOR IMMEDIATE RELEASE     06 April 2022

PENNANT INTERNATIONAL GROUP PLC

Issue of Equity, Director & PDMR 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 a share issue to satisfy subscriptions under its employee Share Incentive Plan (the "SIP"), and additional Director share purchases.

The Company has issued an aggregate of 68,954 new ordinary shares of 5p each to satisfy subscriptions under the SIP (the "SIP Shares"). The SIP Shares have been issued at 35p per share in accordance with the rules of the SIP, being the market price at the start of the subscription period.

As participants in the SIP, Philip Walker (Chief Executive Officer), David Clements (Commercial & Risk Director) and Michael Brinson (non-Board Director of Finance, a PDMR) have each subscribed for 5,142 SIP Shares.

Additionally, the Company has been informed that on 4 April 2022, Philip Walker and David Clements each purchased a further 7,090 ordinary shares in the market at a price of 35p per share. 

Application for admission to trading on AIM of the 68,954 SIP Shares has been made and admission of the SIP Shares is expected to take place on or before 11 April 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.

The tables below provide further details for each PDMR in accordance with the requirements of the EU Market Abuse Regulation

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the SIP Shares, its issued ordinary share capital will comprise 36,709,311 ordinary shares of 5 pence each. All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 36,709,311 on admission of the SIP Shares. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.

Enquiries:

Pennant International Group plc	www.pennantplc.co.uk
Philip Walker, CEO David Clements, Commercial & Risk Director	[phone]
WH Ireland Limited	www.whirelandcb.com
Mike Coe / Sarah Mather	[phone]
Walbrook PR (Financial PR)	[e-mail]
Paul Vann / Tom Cooper	[phone] [phone]

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	Purchase of shares under the Employees Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Purchase of shares		35p	5,142
d)	Aggregated information		Purchase of shares
	- Aggregated volume		5,142
	- Price		£1,800
e)	Date of the transaction	06 April 2022
f)	Place of the transaction	London Stock Exchange, AIM

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	Purchase
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Purchase of shares		35p	7,090
d)	Aggregated information		Purchase of shares
	- Aggregated volume		7,090
	- Price		£2,481.50
e)	Date of the transaction	04 April 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	Purchase of shares under the Employees Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Purchase of shares		35p	5,142
d)	Aggregated information		Purchase of shares
	- Aggregated volume		5,142
	- Price		£1,800
e)	Date of the transaction	06 April 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	Purchase
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Purchase of shares		35p	7,090
d)	Aggregated information		Purchase of shares
	- Aggregated volume		7,090
	- Price		£2,481.50
e)	Date of the transaction	04 April 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	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	Purchase of shares under the Employees Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Purchase of shares		35p	5,142
d)	Aggregated information		Award of shares
	- Aggregated volume		5,142
	- Price		£1,800
e)	Date of the transaction	06 April 2022
f)	Place of the transaction	London Stock Exchange, AIM

 

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