REG - Pennant Int. Group - Issue of Equity, Director/PDMR Dealings & TVR

Pennant InternationalAnnouncement

09/08/2022 18:00

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RNS Number : 4699V  Pennant International Group PLC  09 August 2022

 

 

FOR IMMEDIATE
RELEASE
 
09 August 2022

 

PENNANT INTERNATIONAL GROUP PLC

 

Issue of Equity, Director Dealings and Total Voting Rights

 

 

Pennant International Group plc (AIM:PEN) ("Pennant", the "Group" or
"Company"), a leading global provider of training technology and integrated
product support solutions, announces that it has issued 81,136 new ordinary
shares of 5p each to satisfy awards under its employee Share Incentive Plan
(the "SIP", the "SIP Shares").

 

In accordance with the terms of the SIP, the SIP Shares have been issued as
'free shares', with each relevant employee's entitlement calculated by
reference to a share price of 29.5p per share, being the market price at the
date of award.

 

Details of the respective SIP awards to Directors and a PDMR are set out
below:

 

 Director/PDMR                                            No. SIP Shares awarded
 Philip Walker (Chief Executive Officer)                  7,515

 David Clements (Commercial & Risk Director)              5,368

 Michael Brinson (non-Board Director of Finance, a PDMR)  3,399

 

The SIP Shares are subject to forfeiture provisions for the first three years
following award. The tables below provide further details for each PDMR in
accordance with the requirements of the Market Abuse Regulation.

 

Certain employees, including the above-named PDMRs, have also elected to
sacrifice salary each month to save to subscribe for further shares under the
SIP (subject to the statutory annual limit per employee), such subscriptions
being intended to complete in July 2023.

 

Application for admission to trading on AIM for the 81,136 SIP Shares has been
made and admission is expected to take place on 15 August 2022. The SIP Shares
will rank pari passu with the existing ordinary shares in issue. The SIP
Shares will represent approximately 0.2% per cent. of the Company's enlarged
issued share capital on admission.

 

Total Voting Rights

Following Admission, the Company's issued share capital will consist of
36,790,447 ordinary shares, no shares are held in treasury. Therefore, the
total number of voting rights in the Company is 36,790,447. Shareholders may
use this figure as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure and Transparency
Rules.

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

Enquiries:

 

 Pennant International Group plc                    www.pennantplc.co.uk (http://www.pennantplc.co.uk)
 Philip Walker, CEO                                 +44 (0) 1452 714 914

 David Clements, Commercial & Risk Director

 WH Ireland Limited (Nomad and Broker)              www.whirelandcb.com (http://www.whirelandcb.com)
 Mike Coe                                           +44 (0) 20 7220 1666

 Sarah Mather

 Walbrook PR (Financial PR)                         paul.vann@walbrookpr.com (mailto:paul.vann@walbrookpr.com)
 Paul Vann                                          +44 (0)20 7933 8780

 Tom Cooper                                         Mob: +44 (0)7768 807631

 

 

 

 

 

 

 

 

 1    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  Ordinary Shares of 5p each

      Identification code                                          GB0002570660

 b)   Nature of the transaction                                    Award of free shares under the Employee Share Incentive Plan.

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
      Award of shares                                                                29.5p             7,515

 d)   Aggregated information                                                         Award of shares

      - Aggregated volume                                                            7,515

      - Price                                                                        2,217

 e)   Date of the transaction                                      09 August 2022

 f)   Place of the transaction                                     London Stock Exchange, AIM

 

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         David Clements

 2    Reason for the notification

 a)   Position/status                                              Commercial & Risk 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                                    Award of free shares under the Employee Share Incentive Plan.

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
      Award of shares                                                                29.5p             5,368

 d)   Aggregated information                                                         Award of shares

      - Aggregated volume                                                            5,368

      - Price                                                                        £1,583

 e)   Date of the transaction                                      09 August 2022

 f)   Place of the transaction                                     London Stock Exchange, AIM

 

 

 

 

 

 

 

 

 

 

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Michael Brinson

 2    Reason for the notification

 a)   Position/status                                              Non-Board Director of Finance, a 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                                    Award of free shares under the Employee Share Incentive Plan.

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
      Award of shares                                                                29.5p             3,399

 d)   Aggregated information                                                         Award of shares

      - Aggregated volume                                                            3,399

      - Price                                                                        £1,002

 e)   Date of the transaction                                      09 August 2022

 f)   Place of the transaction                                     London Stock Exchange, AIM

 

 

 

 

 

 

 

 

 

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