Pennant International Group PLC Issue of Equity and Director Dealings (5055V)
09 Abril 2019 - 1:00AM
UK Regulatory
TIDMPEN
RNS Number : 5055V
Pennant International Group PLC
09 April 2019
FOR IMMEDIATE RELEASE 9 April 2019
PENNANT INTERNATIONAL GROUP PLC
Issue of Equity and Director Dealings
Pennant International Group plc ("Pennant", the "Group", or the
"Company"), the AIM quoted supplier of integrated training and
support solutions, products and services which train and assist
operators and maintainers in the defence and regulated civilian
sectors, announces that it has launched a Share Incentive Plan
("SIP") for employees and, in connection therewith, has made an
award of free shares to all eligible employees.
The SIP has been established in accordance with the statutory
scheme for share incentive plans and is available to all UK
tax-resident employees of the Group (subject to certain eligibility
criteria relating to length of service). It is subject to the
dilution limits prescribed within the Company's 2009 EMI
scheme.
In aggregate, the award of free shares is over 73,903 new
ordinary shares of 5p each (the "SIP Shares") and includes awards
of 2,880, 2,080 and 1,920 SIP Shares to Philip Walker (Chief
Executive Officer), David Clements (Commercial & Risk Director)
and Gary Barnes (Finance Director), respectively. The tables
appearing beneath the 'Enquiries' section below provide further
details in accordance with the requirements of the EU Market Abuse
Regulation
The SIP Shares are held by a trust constituted for that purpose
and, save for certain specified exceptions, the SIP Shares of any
employee leaving the Group within the next three years will be
forfeited in their entirety.
Certain employees, including the above-named directors, 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 April 2020.
Application for admission to trading on AIM for the 73,903 SIP
Shares has been made and admission is expected to take place on 15
April 2019. 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.
In accordance with the provision of the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, following the issue of the SIP Shares, its issued
ordinary share capital will comprise 36,114,596 ordinary shares of
5 pence each. All of the ordinary shares have equal voting rights
and none of the ordinary shares are held in Treasury. The total
number of voting rights in the Company will therefore be 36,114,596
on admission of the SIP Shares. The above figure may be used by
shareholders as the denominator for the calculations to determine
if they are required to notify their interests in, or change to
their interest in, the Company.
Enquiries:
Pennant International Group plc www.pennantplc.co.uk
Philip Walker, CEO
David Clements, Commercial &
Risk Director +44 (0) 1452 714 914
WH Ireland Limited www.whirelandcb.com
Mike Coe / Chris Savidge +44 (0) 117 945 3470
Walbrook PR (Financial PR) paul.vann@walbrookpr.com
+44 (0)20 7933 8780
Paul Vann / Tom Cooper +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 Initial Notification
/Amendment
---------------------------------- -----------------------------------------
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 Ordinary Shares of 5p each
financial instrument,
type of instrument
Identification code GB0002570660
b) Nature of the transaction Award of shares under the Employees
Share Incentive Plan.
---------------------------------- -----------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Award of shares 125p 2,880
d) Aggregated information Award of shares
- Aggregated volume 2,880
- Price GBP3,600
e) Date of the transaction 09/04/2019
---------------------------------- -----------------------------------------
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 Initial Notification
/Amendment
---------------------------------- -----------------------------------------
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 Ordinary Shares of 5p each
financial instrument,
type of instrument
Identification code GB0002570660
b) Nature of the transaction Award of shares under the Employees
Share Incentive Plan.
---------------------------------- -----------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Award of shares 125p 2,080
d) Aggregated information Award of shares
- Aggregated volume 2,080
- Price GBP2,600
e) Date of the transaction 09/04/2019
---------------------------------- -----------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gary Barnes
---------------------------------- -----------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Finance Director
---------------------------------- -----------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------------- -----------------------------------------
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 Ordinary Shares of 5p each
financial instrument,
type of instrument
Identification code GB0002570660
b) Nature of the transaction Award of shares under the Employees
Share Incentive Plan.
---------------------------------- -----------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Award of shares 125p 1,920
d) Aggregated information Award of shares
- Aggregated volume 1,920
- Price GBP2,400
e) Date of the transaction 09/04/2019
---------------------------------- -----------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- -----------------------------------------
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END
IOEKVLFBKZFLBBZ
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