Issue of Equity, Director/PDMR Dealings & TVR

RNS Number : 4699V
Pennant International Group PLC
09 August 2022
 

  Pennant

 

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

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

 

 

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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