Issue of Equity, Director/PDMR Dealings & TVR

RNS Number : 4699V

Pennant International Group PLC

09 August 2022

 

 

FOR IMMEDIATE RELEASE     09 August 2022  

PENNANT INTERNATIONAL GROUP PLC

Issue of Equity, Director Dealings and Total Voting Rights

Pennant International Group plc (AIM:PEN) ("Pennant", the "Group" or "Company"), a leading global provider of training technology and integrated product support solutions, announces that it has issued 81,136 new ordinary shares of 5p each to satisfy awards under its employee Share Incentive Plan (the "SIP", the "SIP Shares").

In accordance with the terms of the SIP, the SIP Shares have been issued as 'free shares', with each relevant employee's entitlement calculated by reference to a share price of 29.5p per share, being the market price at the date of award.

Details of the respective SIP awards to Directors and a PDMR are set out below:

Director/PDMR	No. SIP Shares awarded
Philip Walker (Chief Executive Officer)	7,515
David Clements (Commercial & Risk Director)	5,368
Michael Brinson (non-Board Director of Finance, a PDMR)	3,399

The SIP Shares are subject to forfeiture provisions for the first three years following award. The tables below provide further details for each PDMR in accordance with the requirements of the Market Abuse Regulation.

Certain employees, including the above-named PDMRs, have also elected to sacrifice salary each month to save to subscribe for further shares under the SIP (subject to the statutory annual limit per employee), such subscriptions being intended to complete in July 2023.

Application for admission to trading on AIM for the 81,136 SIP Shares has been made and admission is expected to take place on 15 August 2022. The SIP Shares will rank pari passu with the existing ordinary shares in issue. The SIP Shares will represent approximately 0.2% per cent. of the Company's enlarged issued share capital on admission.

Total Voting Rights

Following Admission, the Company's issued share capital will consist of 36,790,447 ordinary shares, no shares are held in treasury.   Therefore, the total number of voting rights in the Company is 36,790,447. Shareholders may use this figure 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 Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

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	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	Award of free shares under the Employee Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Award of shares		29.5p	7,515
d)	Aggregated information		Award of shares
	- Aggregated volume		7,515
	- Price		2,217
e)	Date of the transaction	09 August 2022
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	Award of free shares under the Employee Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Award of shares		29.5p	5,368
d)	Aggregated information		Award of shares
	- Aggregated volume		5,368
	- Price		£1,583
e)	Date of the transaction	09 August 2022
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Brinson
2	Reason for the notification
a)	Position/status	Non-Board Director of Finance, a 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	Award of free shares under the Employee Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Award of shares		29.5p	3,399
d)	Aggregated information		Award of shares
	- Aggregated volume		3,399
	- Price		£1,002
e)	Date of the transaction	09 August 2022
f)	Place of the transaction	London Stock Exchange, AIM

 

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