Pennant International Group PLC Issue of Equity & Director Dealings (3892U)
April 01 2021 - 10:46AM
UK Regulatory
TIDMPEN
RNS Number : 3892U
Pennant International Group PLC
01 April 2021
FOR IMMEDIATE RELEASE 01 April 2021
PENNANT INTERNATIONAL GROUP PLC
Issue of Equity and Director Dealings
Pennant International Group plc (AIM:PEN)("Pennant", the
"Group", or the "Company"), a leading global provider of
technology-based maintainer training and integrated product support
solutions, announces a share issue to satisfy subscriptions under
its employee Share Incentive Plan (the "SIP") and the exercise of
an option granted in 2012.
The Company has issued an aggregate of 63,972 new ordinary
shares of 5p each to satisfy subscriptions under the SIP (the "SIP
Shares"). The SIP Shares have been issued at 38p 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) and David Clements (Commercial & Risk Director) have
each subscribed for 4,736 SIP Shares.
The tables below provide further details for each Director in
accordance with the requirements of the EU Market Abuse
Regulation
Separately, the Company has received an exercise notice in
respect of an option granted in 2012 under the Company's EMI
scheme. In satisfaction thereof, the Company has issued 130,000 new
ordinary shares of 5p each at an exercise price of 26.75p per share
(the "Option Shares").
Application for admission to trading on AIM of the 63,972 SIP
Shares and 130,000 Option Shares (together, the "New Shares") has
been made and admission of the New Shares is expected to take place
on or before 9 April 2021.
The New Shares will rank pari passu with the existing ordinary
shares in issue. The New Shares will represent approximately 0.5%
per cent. of the Company's enlarged issued share capital on
admission.
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 New Shares, its issued
ordinary share capital will comprise 36,640,357 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 36,640,357
on admission of the New 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 +44 (0) 1452 714 914
WH Ireland Limited www.whirelandcb.com
Mike Coe / Chris Savidge +44 (0) 117 945 3470
Walbrook PR (Financial PR) paul.vann@walbrookpr.com
+44 (0)20 7933 8780
Paul Vann / Tom Cooper +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 Initial Notification
/Amendment
---------------------------------- --------------------------------------------
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 Ordinary Shares of 5p each
financial instrument,
type of instrument
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 38p 4,736
d) Aggregated information Award of shares
- Aggregated volume 4,736
- Price GBP1,800
e) Date of the transaction 01 April 2021
---------------------------------- --------------------------------------------
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 Initial Notification
/Amendment
---------------------------------- --------------------------------------------
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 Ordinary Shares of 5p each
financial instrument,
type of instrument
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 38p 4,736
d) Aggregated information Award of shares
- Aggregated volume 4,736
- Price GBP1,800
e) Date of the transaction 01 April 2021
---------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- --------------------------------------------
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END
IOESSIFIFEFSELL
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