REG - Pennant Int. Group - Grant of Option
RNS Number : 8370OPennant International Group PLC12 October 2021
12 October 2021
PENNANT INTERNATIONAL GROUP PLC
("Pennant" or "the Company")
Grant of Option
Pennant International Group plc (AIM:PEN) announces the grant of an option to a Person Discharging Managerial Responsibility.
The Company has granted to Michael Brinson, Group Head of Finance, an option over 50,000 ordinary shares at an exercise price of 30 pence per share.
The option has been granted under the Company's existing EMI Share Option Scheme established in 2009 and vests 36 months after the date of grant. Further, it is subject to a performance condition such that the option is not exercisable unless and until the Company's share price has been not less than 78.5 pence for a period of at least 20 consecutive business days. The option lapses should Mr Brinson cease to be employed by the Company.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation,
provides further detail.
Enquiries:
Pennant International Group plc
Philip Walker, CEO
David Clements, Commercial & Risk Director
+44 (0) 1452 714 914
WH Ireland Limited (Nomad and Broker)
Mike Coe
Sarah Mather
+44 (0) 20 7220 1666
Walbrook PR (Financial PR)
Paul Vann
Tom Cooper
+44 (0)20 7933 8780
Mob: +44 (0)7768 807631
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Michael Brinson
2
Reason for the notification
a)
Position/status
Head of Finance (PDMR)
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
Grant of option over unissued ordinary shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Purchase of shares
n/a
50,000
d)
Aggregated information
Purchase of shares
- Aggregated volume
50,000
- Price
£0
e)
Date of the transaction
11/10/2021
f)
Place of the transaction
Outside a trading venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDDSHFFEFDEEFSELS
Recent news on Pennant International
See all newsREG - Pennant Int. Group - Final Results, Analyst Briefing & Investor Pres
AnnouncementREG - Pennant Int. Group - GenFly Contract Update
AnnouncementREG - Pennant Int. Group - Notice of Results, Analyst Briefing, Investor Pres
AnnouncementREG - Pennant Int. Group - Property Disposal Programme Update
AnnouncementREG - Pennant Int. Group - Holding(s) in Company
Announcement