REG - Pennant Int. Group - Grant of Options

Pennant InternationalAnnouncement

Wed 07:00

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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 3(rd) anniversary and 50% on the
4(th) 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 (http://www.pennantplc.com)
 Phil Walker, CEO                                 +44 (0) 1452 714 914

 Darren Wiggins, CFO

 Cavendish (Nominated Adviser and Sole Broker)    www.cavendish.com (http://www.cavendish.com)
 Ben Jeynes / Callum Davidson / George Lawson     +44 (0) 207 220 0500

 (Corporate Finance)
 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

 Marcus Ulker                                     +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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