Grant of Option

RNS Number : 8370O

Pennant International Group PLC

12 October 2021

 

      12 October 2021 

PENNANT INTERNATIONAL GROUP PLC

          ("Pennant" or "the Company") 

Grant of Option

Pennant International Group plc (AIM:PEN) announces the grant of an option to a Person Discharging Managerial Responsibility.

The Company has granted to Michael Brinson, Group Head of Finance, an option over 50,000 ordinary shares at an exercise price of 30 pence per share.

The option has been granted under the Company's existing EMI Share Option Scheme established in 2009 and vests 36 months after the date of grant. Further, it is subject to a performance condition such that the option is not exercisable unless and until the Company's share price has been not less than 78.5 pence for a period of at least 20 consecutive business days. The option lapses should Mr Brinson cease to be employed by the Company.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation,

provides further detail.

Enquiries:

Pennant International Group plc	www.pennantplc.co.uk
Philip Walker, CEO David Clements, Commercial & Risk Director	[phone]
WH Ireland Limited (Nomad and Broker)	www.whirelandcb.com
Mike Coe Sarah Mather	[phone]
Walbrook PR (Financial PR)	[e-mail]
Paul Vann Tom Cooper	[phone] Mob: [phone]

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Brinson
2	Reason for the notification
a)	Position/status	Head of Finance (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	Grant of option over unissued ordinary shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Purchase of shares		n/a	50,000
d)	Aggregated information		Purchase of shares
	- Aggregated volume		50,000
	- Price		£0
e)	Date of the transaction	11/10/2021
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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