10 July 2023
PENNANT INTERNATIONAL GROUP PLC
Issue of Equity, Director Dealings and Total Voting Rights
Pennant International Group plc (AIM:PEN)("Pennant", the "Group" or "Company"), the IPS software and services company, announces an issue of shares to satisfy awards under its employee Share Incentive Plan (the "SIP").
The Company has issued an aggregate of 91,991 new ordinary shares of 5p each to satisfy subscriptions under the SIP (the "SIP Shares"). The SIP Shares have been issued at 36p 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), David Clements (Commercial & Risk Director) and Michael Brinson (Chief Financial Officer) have each been awarded 7,500 SIP Shares.
Application for admission to trading on AIM of the 91,991 SIP Shares has been made and admission of the SIP Shares is expected to take place on or before 13 July 2023. The SIP Shares will rank pari passu with the existing ordinary shares in issue. The SIP Shares will represent approximately 0.25% per cent. of the Company's enlarged issued share capital on admission. The tables below provide further details for each PDMR in accordance with the requirements of the EU Market Abuse Regulation.
Total Voting Rights
Following Admission, the Company's issued share capital will consist of 36,882,438 ordinary shares. No shares are held in treasury. Therefore, the total number of voting rights in the Company is 36,882,438. 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.
Enquiries:
| Pennant International Group plc | |
| Philip Walker, CEO David Clements, Commercial & Risk Director Michael Brinson, CFO | +44 (0) 1452 714 914 |
| | |
| WH Ireland Limited (Nomad and Broker) | |
| Mike Coe / Sarah Mather (Corporate Finance) | +44 (0) 20 7220 1666 |
| Fraser Marshall / George Krokos (Sales)
|
|
| Walbrook PR (Financial PR) | pennant@walbrookpr.com |
| Paul Vann Joe Walker | +44 (0)20 7933 8780 Mob: +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
| Award of shares under the Employee Share Incentive Plan.
| |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| Award of shares | | 36p | 7,500 | | |
| | | | | | |
| d)
| Aggregated information | | Award of shares | | |
| | | ||||
| - Aggregated volume | | 7,500 | | | |
| | | ||||
| - Price | | £2,700 | | | |
| | | ||||
| e)
| Date of the transaction
| 10 July 2023 | |||
| 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 shares under the Employee Share Incentive Plan.
| |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| Award of shares | | 36p | 7,500 | | |
| | | | | | |
| d)
| Aggregated information | | Award of shares | | |
| | | ||||
| - Aggregated volume | | 7,500 | | | |
| | | ||||
| - Price | | £2,700 | | | |
| | | ||||
| e)
| Date of the transaction
| 10 July 2023 | |||
| 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
| Chief Financial 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 shares under the Employee Share Incentive Plan.
| |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| Award of shares | | 36p | 7,500 | | |
| | | | | | |
| d)
| Aggregated information | | Award of shares | | |
| | | ||||
| - Aggregated volume | | 7,500 | | | |
| | | ||||
| - Price | | £2,700 | | | |
| | | ||||
| e)
| Date of the transaction
| 10 July 2023 | |||
| f)
| Place of the transaction | London Stock Exchange, AIM | |||
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