REG - Pennant Int. Group - Director Appointment & Notice of Trading Update

Pennant InternationalAnnouncement

17/07/2024 07:00

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RNS Number : 6654W  Pennant International Group PLC  17 July 2024

FOR IMMEDIATE
RELEASE
                     17 July 2024

 

 

 

PENNANT INTERNATIONAL GROUP PLC

(the "Company", the "Group")

 

Director Appointment &

Notice of Trading Update

 

Pennant International Group plc (AIM: PEN), the systems support and training
solutions company, provides the following Board update ahead of its Annual
General Meeting ("AGM") to be held later today, and gives notice that the
Company expects to publish a trading update for the six months ended 30 June
2024 on 25 July 2024.

 

The Board is pleased to announce the appointment of Jon Kempster as an
independent Non-Executive Director with effect from 18 July 2024. Jon will
chair the Audit & Risk Committee.

 

Jon has more than 20 years' experience as a public company director. He is
currently a Non-Executive Director of AIM quoted Norman Broadbent Plc and
Synectics Plc. He is also a Director of Delta Pension Nominees Limited. Jon
qualified as a chartered accountant with Price Waterhouse in 1990 and has held
several board positions in both an executive and non-executive capacity,
including at FireAngel Safety Technology Group Plc, Redcentric plc, Frasers
Group plc and DX (Group) Limited.

 

Further information in accordance with paragraph (g) of Schedule Two of the
AIM Rules for Companies is set out at the end of this announcement.

 

Ian Dighé, Pennant Chairman, said:

 

"We are delighted to welcome Jon to the Board. His appointment is in keeping
with our commitment to ensuring that the Board maintains the appropriate
skills, capabilities and governance structure as Pennant focuses on growth in
the coming years.  Jon brings with him considerable experience across a range
of sectors, and I and the rest of the Board look forward to leveraging his
knowledge for the benefit of all stakeholders."

 

Jon Kempster, newly appointed Non-Executive Director, said:

 

"I am looking forward to working with the Board and the wider Pennant team to
deliver the growth strategy."

 

 

 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

 

 

 

Regulatory Disclosures

 

The following information is disclosed in accordance with Rule 17 and
paragraph (g) of Schedule 2 of the AIM Rules for Companies in connection with
the appointment of Jonathan "Jon" Kempster, aged 61, to the Board of the
Company. Mr. Kempster does not hold any beneficial interest in the Company's
share capital.

 

 Current Directorships           Past Directorships (within 5 years)
 Delta Pension Nominees Limited  Bonhill Group Plc
 JVM AG (Switzerland)            DX (Group) Limited
 JVM Property AG (Switzerland)   FireAngel Safety Technology Group Plc
 Norman Broadbent Plc            FireAngel Safety Technology Limited
 Synectics Plc                   Frasers Group plc
                                 Independent Trustee Services Limited
                                 JVM Ltd
                                 Portcentric Solutions Limited
                                 Redcentric Plc
                                 Serinus Energy Plc (Jersey)
                                 Ted Baker Holdings Limited

 

Notes to editors:

Pennant International Group plc (AIM: PEN) is a technology driven, leading
global provider of system support 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 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 solutions: 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.

 

Pennant - Maximising Operational Efficiency - YouTube
(https://www.youtube.com/watch?v=mzWGdaY8clY)

 

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