Issue of Equity & Director Dealings
Updated : 16:46
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 | |
Philip Walker, CEO David Clements, Commercial & Risk Director | +44 (0) 1452 714 914 |
WH Ireland Limited | |
Mike Coe / Chris Savidge | +44 (0) 117 945 3470 |
Walbrook PR (Financial PR) | |
Paul Vann / Tom Cooper | +44 (0)20 7933 8780 +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
| 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 | £1,800 | ||||
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 /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 | 38p | 4,736 | |||
d)
| Aggregated information | Award of shares | |||
- Aggregated volume | 4,736 | ||||
- Price | £1,800 | ||||
e)
| Date of the transaction
| 01 April 2021 | |||
f)
| Place of the transaction | London Stock Exchange, AIM |
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