Transaction in Own Shares

RNS Number : 9134D

Pennant International Group PLC

30 March 2011

 



PENNANT INTERNATIONAL GROUP PLC

(AIM: PEN)

Transaction in Own Shares

Director/PDMR Shareholding

Pennant International Group plc announces that on 28 and 29 March 2011 it purchased 612,222 of its own ordinary shares of 5p, at a price of 20.25 pence per share to be held as treasury shares. The Company now holds 1,954,905 ordinary shares in treasury.

Of the shares purchased, 262,222 shares were acquired from John Waller, the Company's Finance Director, and his wife. Mr Waller and his wife remain interested in 1,566,875 ordinary shares representing approximately 5.69 per cent. of  the Company's voting share capital.

The transaction with Mr Waller and his wife is classified under the AIM Rules as a related party transaction. The directors of the Company, other than Mr Waller, having consulted with its nominated adviser, consider that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.

In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Services Authority, the Company confirms that its issued share capital comprises 29,500,000 Ordinary Shares of 5p each. All of the Ordinary Shares have equal voting rights and 1,954,905 Ordinary Shares are held in Treasury. Therefore, the total number of voting rights in the Company is 27,545,095.

This figure may be used by shareholders 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 share capital of the Company under the Disclosure and Transparency Rules.

Contacts:
Pennant International Group plc	www.pennantplc.co.uk
Chris Snook, Chief Executive	[phone]
John Waller, Finance Director	[phone]
WH Ireland Limited	www.wh-ireland.co.uk
Mike Coe / Marc Davies	[phone]

 

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