24 September 2024
PENNANT INTERNATIONAL GROUP
PLC
("Pennant", the "Company" or the "Group")
Director
Dealing
Pennant International Group plc
(AIM:PEN), the systems support software and training solutions
company, announces that it has been
informed that Klaas van der Leest, Non-Executive Director, has
purchased 42,500 ordinary shares of 5p each in the capital of the
Company ("Ordinary
Shares") at a price of 24p per
Ordinary Share on 23 September 2024. Following this transaction,
Klaas van der Leest holds 42,500 Ordinary Shares, representing 0.1%
of the Company's voting share capital.
Enquiries:
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Pennant International Group plc
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www.pennantplc.com
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David Clements, Company
Secretary
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+44 (0) 1452 714 914
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Zeus (Nomad)
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www.zeuscapital.co.uk
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Mike Coe / Sarah Mather (Investment
Banking)
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+44 (0) 203 829
5000
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Cavendish Capital Markets Limited (Broker)
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www.cavendish.com
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Ben Jeynes / Callum Davidson /
George Lawson (Corporate Finance)
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+44 (0) 207 220 0500
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Michael Johnson / Dale Bellis /
Sunila de Silva (Sales and Corporate Broking)
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Walbrook PR (Financial PR)
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pennant@walbrookpr.com
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Tom Cooper
Joe Walker
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+44 (0)20 7933 8780
Mob: +44 (0)7971 221 972
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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 lines:
•
Systems support
software: 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.
•
Training
systems: provide hardware,
software and virtual solutions, critical skills training for
maintainers and operators of aircraft, ships and land
systems.
•
Technical
services: support all Pennant's
software and training solutions including consultancy, support and
maintenance, training and bespoke development.
The Company's full product suite
encompasses consultancy, technical documentation, rail services,
training services, and bespoke engineering solutions.
Pennant is strategically focused on
sustainable recurring revenue 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
Indo-Pacific, serving markets with high barriers to entry often in
regulated industries.
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1
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Details of the person discharging managerial responsibilities
/ person closely associated
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a)
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Name
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Klaas van der Leest
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2
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Reason for the notification
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a)
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Position/status
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Non-Executive Director
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b)
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Initial notification
/Amendment
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Initial Notification
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3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a)
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Name
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Pennant International Group
plc
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b)
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LEI
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2138005AIIUYSRP5O254
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4
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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
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a)
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Description of the financial
instrument, type of instrument
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Ordinary Shares of 5p
each
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Identification code
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GB0002570660
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b)
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Nature of the transaction
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Purchase
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
Aggregated volume
Price
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42,500
£10,200
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e)
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Date of the transaction
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23 September 2024
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f)
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Place of the transaction
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London Stock Exchange,
AIM
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