Grant of Options

Pennant International

13/05/2026 07:00

RNS Number : 0523E

Pennant International Group PLC

13 May 2026

 

PENNANT INTERNATIONAL GROUP PLC

Grant of Options

("Pennant", the "Company" and together with its subsidiaries the "Group")

 

Pennant International Group plc (AIM:PEN), the systems support software and training solutions company, announces the grant of a total of 1,060,527 options (the "Options") over new ordinary shares of 5p each in the Company ("Ordinary Shares") to Phil Walker, CEO, and Darren Wiggins, CFO, as set out below.

 

The Options have been granted by the Remuneration Committee with performance criteria set to further align the executive management team's interests with Pennant's shareholders as they deliver on the three-year strategy, previously announced.

 

Number of Options granted
Options as a % of current issued share capital
Total Options held
Phil Walker (CEO)
710,527
1.49%
1,000,000
Darren Wiggins (CFO)
350,000
0.73%
750,000

 

 

The Options have been granted under the Company's existing Enterprise Management scheme. They may vest 50% on the 3rd anniversary and 50% on the 4th anniversary of grant, with the number of Options vested dependent on the achievement of 6 main performance conditions, 3 related to share price targets ("SP Condition") and 3 related to adjusted profit before tax targets which are in excess of current market expectations (the "PBT Condition"). The SP Condition and PBT Condition have equal weighting on the portion vested.

 

An SP Condition will be satisfied provided the Company's share price meets or exceeds the relevant target for at least 30 consecutive trading days during a review period, the 3 targets being 40p, 50p and 65p. A review period is the period of two months following the publication of the Company's audited annual results in respect of FY26, FY27 and FY28. 

 

The PBT Condition may be satisfied provided specified adjusted PBT targets are met or exceeded in respect of the Company's full year results for FY26, FY27 & FY28.   

 

With the imminent launch of the fully integrated Auxilium software, the options will only vest if an annualized recurring revenue hurdle is met. The Remuneration Committee believe this aligns the desired improved results with the success of the software sales being a key determinant of those results.

Enquiries:

  

Pennant International Group plc
www.pennantplc.com
Phil Walker, CEO
Darren Wiggins, CFO
+44 (0) 1452 714 914
Cavendish (Nominated Adviser and Sole Broker)
www.cavendish.com
Ben Jeynes / Callum Davidson / George Lawson
(Corporate Finance)
+44 (0) 207 220 0500
Michael Johnson / Dale Bellis / Sunila de Silva
(Sales and Corporate Broking)
Walbrook PR (Financial PR)
pennant@walbrookpr.com
Tom Cooper
Marcus Ulker
+44 (0)20 7933 8780
+44 (0)797 122 1972

 

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
Options over Ordinary Shares of 5p each
Identification code
GB0002570660
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
nil
710,527
d)
Aggregated information
- Aggregated volume
N/A - single transaction
- Price
e)
Date of the transaction
12 May 2026
f)
Place of the transaction
Outside a trading venue

 

 

Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Darren Wiggins
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
Options over Ordinary Shares of 5p each
Identification code
GB0002570660
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
nil
350,000
d)
Aggregated information
- Aggregated volume
N/A - single transaction
- Price
e)
Date of the transaction
12 May 2026
f)
Place of the transaction
Outside a trading venue

 

 

 

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