REG - Pennant Int. Group - Director Dealing

Pennant InternationalAnnouncement

24/09/2024 07:00

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RNS Number : 3162F  Pennant International Group PLC  24 September 2024

 

 

24 September 2024

PENNANT INTERNATIONAL GROUP PLC

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

 

 

Director Dealing

 

 

Pennant International Group plc (AIM:PEN), the systems support software and
training solutions company, announces that it has been informed that Klaas van
der Leest, Non-Executive Director, has purchased 42,500 ordinary shares of 5p
each in the capital of the Company ("Ordinary Shares") at a price of 24p per
Ordinary Share on 23 September 2024. Following this transaction, Klaas van der
Leest holds 42,500 Ordinary Shares, representing 0.1% of the Company's voting
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.

 

  1   Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Klaas van der Leest

 2    Reason for the notification

 a)   Position/status                                              Non-Executive 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                                    Purchase

 c)   Price(s) and volume(s)                                       Price  Volume

                                                            24p    42,500

 d)   Aggregated information

      Aggregated volume

                                                                   42,500

      Price

                                                                   £10,200
 e)   Date of the transaction                                      23 September 2024

 f)   Place of the transaction                                     London Stock Exchange, AIM

d)

 

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

42,500

 

£10,200

e)

 

Date of the transaction

 

23 September 2024

f)

Place of the transaction

London Stock Exchange, AIM

 

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