FOR IMMEDIATE
RELEASE
3 February 2025
PENNANT INTERNATIONAL GROUP
PLC
Director
Dealings
Pennant International Group plc
(AIM:PEN), the systems support software and training solutions
company, announces that it has been informed of the following dealings
in ordinary shares of 5p each in the capital of the Company
("Ordinary Shares") by
Philip Walker (Chief Executive Officer), Darren Wiggins (Chief
Financial Officer) and David Clements (Commercial & Risk
Director).
|
Director
|
Position
|
Number of Ordinary Shares
acquired
|
Price paid per share
(p)
|
Resulting interest in
shares
|
Resulting percentage
holding
|
|
Philip Walker
|
Chief Executive Officer
|
36,981
|
26.90
|
177,126
|
0.41%
|
|
Darren Wiggins
|
Chief Financial Officer
|
33,274
|
25.77
|
33,274
|
0.08%
|
|
David Clements
|
Commercial & Risk
Director
|
104,639
|
26.75
|
244,147
|
0.56%
|
The table at the end of this
announcement provides further information in accordance with the
requirements of the UK Market Abuse Regulation.
Enquiries:
|
Pennant International Group plc
|
www.pennantplc.com
|
|
|
David Clements, Company
Secretary
|
+44 (0) 1452 714 914
|
|
|
|
|
|
|
Zeus (Nomad)
|
www.zeuscapital.co.uk
|
|
|
Mike Coe / Darshan Patel / Ed
Beddows (Investment Banking)
|
+44 (0) 203 829 5000
|
|
|
|
|
|
|
Cavendish Capital Markets Limited (Broker)
|
www.cavendish.com
|
|
|
Ben Jeynes / Callum Davidson /
George Lawson (Corporate Finance)
|
+44 (0) 207 220 0500
|
|
|
Michael Johnson / Dale Bellis /
Sunila de Silva (Sales and Corporate Broking)
|
|
|
|
|
|
|
|
Walbrook PR (Financial PR)
|
pennant@walbrookpr.com
|
|
|
Tom Cooper
Joe Walker
|
+44 (0)20 7933 8780
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:
•
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 Europe, North America and
Asia-Pacific, serving markets with high barriers to entry often in
regulated industries.
|
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
|
Purchase of Ordinary
Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price
|
Volume
|
|
26.9p
|
36,981
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
36,981
£9,947.89
|
|
e)
|
Date of the transaction
|
3 February 2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange,
AIM
|
|
1
|
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
|
Ordinary Shares of 5p
each
|
|
|
|
|
Identification code
|
GB0002570660
|
|
|
|
|
b)
|
Nature of the transaction
|
Purchase of Ordinary
Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price
|
Volume
|
|
25.77p
|
33,274
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
33,274
£8,574.71
|
|
e)
|
Date of the transaction
|
31 January 2025
|
|
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
|
Purchase of Ordinary
Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price
|
Volume
|
|
26.75p
|
104,639
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
104,639
£27,990.93
|
|
e)
|
Date of the transaction
|
31 January 2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange,
AIM
|