Director/PDMR Shareholding

RNS Number : 7351O

Pennant International Group PLC

31 January 2019

 

                                                                                     31 January 2019  

PENNANT INTERNATIONAL GROUP PLC

Director Dealings

Pennant International Group plc ("Pennant" or the "Company") makes an announcement regarding dealings in ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") by a Person Discharging Managerial Responsibility. 

On 29 January 2019, Simon Moore exercised 300,000 unapproved options granted to him by the Company in 2016 at an exercise price of 55.5 pence per share.

Immediately following this exercise, Mr Moore sold 243,950 of the resulting Ordinary Shares, being the number necessary to settle his personal tax liability and expenses in relation to the exercise.

Mr Moore retains the balance of the Ordinary Shares (56,050), increasing his existing holding.

Following Admission of the Fundraising Shares and Option Shares (as described in the Company's announcements of 29 January 2019), the Company has 36,040,693 Ordinary Shares in issue (none of which are held in treasury).

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) ("MAR") prior to its release as part of this announcement and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

Enquiries:

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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Moore
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
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	Exercise of Options and a subsequent sale of Option Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Exercise of Options		55p	300,000
	Sale of Option Shares		110p	243,950
d)	Aggregated information		Exercise of Options	Sale of Option Shares
	- Aggregated volume		300,000	243,950
	- Price		55p	110p
e)	Date of the transaction	29/01/2019
f)	Place of the transaction	London Stock Exchange, AIM

 

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