Pennant International Group PLC Issue of Equity, Director/PDMR Dealings & TVR (4699V)
August 09 2022 - 12:51PM
UK Regulatory
TIDMPEN
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 www.pennantplc.co.uk
plc
Philip Walker, CEO
David Clements, Commercial &
Risk Director +44 (0) 1452 714 914
WH Ireland Limited (Nomad and www.whirelandcb.com
Broker)
Mike Coe
Sarah Mather +44 (0) 20 7220 1666
Walbrook PR (Financial PR) paul.vann@walbrookpr.com
Paul Vann +44 (0)20 7933 8780
Tom Cooper Mob: +44 (0)7768 807631
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Philip Walker
---------------------------------- ---------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
---------------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Pennant International Group plc
---------------------------------- ---------------------------------------------
b) LEI 2138005AIIUYSRP5O254
---------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary Shares of 5p each
financial instrument,
type of instrument
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
---------------------------------- ---------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name David Clements
---------------------------------- ---------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------------
a) Position/status Commercial & Risk Director
---------------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Pennant International Group plc
---------------------------------- ---------------------------------------------
b) LEI 2138005AIIUYSRP5O254
---------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary Shares of 5p each
financial instrument,
type of instrument
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 GBP1,583
e) Date of the transaction 09 August 2022
---------------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- ---------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Michael Brinson
---------------------------------- ---------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------------
a) Position/status Non-Board Director of Finance, a
PDMR
---------------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Pennant International Group plc
---------------------------------- ---------------------------------------------
b) LEI 2138005AIIUYSRP5O254
---------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary Shares of 5p each
financial instrument,
type of instrument
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 GBP1,002
e) Date of the transaction 09 August 2022
---------------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- ---------------------------------------------
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END
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