REG - Pennant Int. Group - Appointment of CFO

Pennant InternationalAnnouncement

20/11/2024 07:00

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RNS Number : 8514M  Pennant International Group PLC  20 November 2024

PENNANT INTERNATIONAL GROUP PLC

("Pennant", the "Company" or the "Group")

 

Appointment of CFO

 

Pennant International Group plc (AIM:PEN), the systems support software and
training solutions company, is pleased to announce the appointment of Darren
Wiggins to the Board as the Group's Chief Financial Officer on a permanent
basis with immediate effect. Mr Wiggins had been serving as the Company's
interim CFO since 16 September 2024.

Mr Wiggins is a chartered accountant with over 20 years' experience, having
previously held senior executive positions in finance and operational roles
within Meggitt Aerospace and Melrose plc.

Ian Dighé, Chair, commented:

"Having already made a very positive impact since joining the Company in
September, I am delighted to welcome Darren to the Pennant Board.

"Darren's wealth of experience will be significant in the re-shaping and
development of the Company as a software-focussed business and I, and the rest
of the Board, look forward to working with him to realise the Group's full
potential."

 

Further disclosures pursuant to Schedule Two, paragraph (g) of the AIM Rules
for Companies.

Darren John Wiggins, aged 43, is currently or has previously been a director
or partner of the following companies or partnerships within the past five
years.

 Current directorship/partnership  Previous directorship / partnership within the past five years
 -                                 Meggitt Pension Plan Trustees Limited

 

Mr Wiggins does not hold an interest in the Company's share capital.

 

Enquiries:

 

 Pennant International Group plc                                       www.pennantplc.com (http://www.pennantplc.com/)
 David Clements, Company Secretary                                     +44 (0) 1452 714 914

 Zeus (Nomad)                                                           www.zeuscapital.co.uk (http://www.zeuscapital.co.uk/)

 Mike Coe / Sarah Mather (Investment Banking)                          +44 (0) 203 829 5000 (tel:+44%20203%20829%205000)

 Cavendish Capital Markets Limited (Broker)                            www.cavendish.com (http://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 (mailto:pennant@walbrookpr.com)
 Tom Cooper                                                            +44 (0)20 7933 8780

 Joe Walker                                                            Mob: +44 (0)7971 221 972

 

 

Notes to editors:

Pennant International Group plc (AIM: PEN) is a technology driven, leading
global provider of system support software and services, technical services,
and training solutions. It supports its global customer base in the design,
development, operation, maintenance, and training of complex assets, to
maximise operational and maintenance efficiency.

Its key markets include Aerospace, Defence and Rail, and adjacent
safety-critical markets such as Shipping, Nuclear and Space.

 The Group addresses the market through three key business lines:

•    Systems support software: a suite of software tools designed to
help clients: manage and use complex data; ensure equipment availability at
optimal cost; and comply with industry standards.  Its Integrated Product
Support (IPS) and Integrated Logistics Support (ILS) software and services
equips customers with powerful market-leading toolsets to manage, model and
utilise complex equipment data.

•      Training systems: provide hardware, software and virtual
solutions, critical skills training for maintainers and operators of aircraft,
ships and land systems.

•      Technical services: support all Pennant's software and training
solutions including consultancy, support and maintenance, training and bespoke
development.

The Company's full product suite encompasses consultancy, technical
documentation, rail services, training services, and bespoke engineering
solutions.

Pennant is strategically focused on sustainable recurring revenue and
profitability growth, shifting its model towards high margin software and
services. Against a climate of rising defence budgets and the burgeoning
technological complexity of military, aviation and rail platforms, the demand
for these solutions is expected to grow substantially.

Headquartered in Cheltenham, UK, the Group operates worldwide, with offices in
Europe, North America and Indo-Pacific, serving markets with high barriers to
entry often in regulated industries.

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