REG - Pennant Int. Group - Shareholder Loan

Pennant InternationalAnnouncement

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RNS Number : 0980E  Pennant International Group PLC  21 October 2025

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.

 

FOR IMMEDIATE RELEASE
 
            21 October 2025

 

 

PENNANT INTERNATIONAL GROUP PLC

("Pennant", the "Company" and together with its subsidiaries the "Group")

 

Shareholder Loan

 

Pennant International Group plc (AIM:PEN), the systems support software and
training solutions company, provides the following financing update.

In its announcement of 19 September 2025, the Company noted that certain
shareholders had indicated their support to provide additional working capital
by way of a shareholder loan in place of the proposed conditional subscription
of £320,000 in new ordinary shares, which was discontinued.

Drawing on that support, the Company has now entered into a short-term
unsecured shareholder loan agreement with Brett Gordon, an existing major
shareholder, for a loan of up to £320,000 (the "Loan Agreement").

The Loan Agreement will provide the Company with greater flexibility and
contingency as it manages working capital through the previously-announced
reduction of its corporate overdraft from £2 million to £1 million at the
end of this month, and as it continues its efforts to convert its sales
pipeline, building on the recent £3.6 million order from BAE Australia.

 

The interest rate under the Loan Agreement is fixed at 9.75% (payable at
90-day intervals), with the principal being repayable in full through one
bullet repayment 180 days after drawing.

 

The Company anticipates that it will draw the loan in full later this week.

 

Related Party Transaction

The entry into the Loan Agreement constitutes a related party transaction for
the purposes of Rule 13 of the AIM Rules for Companies.

 

The Directors of the Company consider, having consulted with the Company's
Nominated Adviser, that the terms of the transaction are fair and reasonable
insofar as the Company's shareholders are concerned.

 

The person responsible for arranging the release of this announcement on
behalf of the Company is the Company Secretary, David Clements.

 

Enquiries:

 Pennant International Group plc                  www.pennantplc.com (http://www.pennantplc.com)
 David Clements, Company Secretary                +44 (0) 1452 714 914

 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

 Joe Walker                                       Mob: +44 (0)7407 020 470

 

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 segments:

 

•           Auxilium software: a key generator of recurring revenues
through the provision of 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.

 

•        Technical Services: drives repeatable revenues through expert
support for users of Pennant and third-party solutions including consultancy,
support and maintenance, training and bespoke development.

 

•         Training Systems: project-based revenues relating to the
design and build of hardware, software and virtual training solutions for
maintainers and operators of aircraft, ships and land systems.

 

Pennant is strategically focused on sustainable recurring and repeatable
revenues 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
the UK, North America and Asia-Pacific, serving markets with high barriers to
entry often in regulated industries.

 

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