Director/PDMR Shareholding

RNS Number : 1570H

Pennant International Group PLC

15 August 2016

 

15 August 2016

Pennant International Group plc

(AIM: PEN)

Director Dealing

Pennant International Group plc ("Pennant" or "the Group"), the AIM quoted supplier of integrated logistic support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, announces that following excess demand for its Placing, details of which were announced on 12 August 2016, Chris Snook, Chief Executive of the Company, has today sold 1,000,000 Ordinary Shares of 5p each in each case at 55 pence per share to a new institutional investor which also participated in the Placing. 

Following the sale, Chris Snook will hold 487,500 Ordinary Shares in the Company which represents 1.8 per cent. of the Company's existing voting share capital and will represent 1.5 per cent. of the voting share capital following Second Admission of the Conditional Placing as announced earlier today, which is expected to take place on 1 September 2016.

All capitalised terms in this announcement are as defined in the Circular which will be available on the Company's website: www.pennantplc.co.uk

Enquiries:

Pennant International Group plc	www.pennantplc.co.uk
Philip Walker, CFO Chris Snook, CEO	[phone]
WH Ireland Limited	www.wh-ireland.co.uk
Mike Coe / Ed Allsopp	[phone]
Walbrook PR (Financial PR)	[e-mail]
Paul Vann / Tom Cooper	[phone]

 

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