TIDMPEN

RNS Number : 8370O

Pennant International Group PLC

12 October 2021

12 October 2021

PENNANT INTERNATIONAL GROUP PLC

("Pennant" or "the Company")

Grant of Option

Pennant International Group plc (AIM:PEN) announces the grant of an option to a Person Discharging Managerial Responsibility.

The Company has granted to Michael Brinson, Group Head of Finance, an option over 50,000 ordinary shares at an exercise price of 30 pence per share.

The option has been granted under the Company's existing EMI Share Option Scheme established in 2009 and vests 36 months after the date of grant. Further, it is subject to a performance condition such that the option is not exercisable unless and until the Company's share price has been not less than 78.5 pence for a period of at least 20 consecutive business days. The option lapses should Mr Brinson cease to be employed by the Company.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation,

provides further detail.

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 (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 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                              Michael Brinson 
      --------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                   Head of Finance (PDMR) 
      --------------------------------  -------------------------------------------- 
 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         Grant of option over unissued ordinary 
                                          shares 
      --------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                          Price(s)                     Volume(s) 
  Purchase of shares                      n/a                          50,000 
 
 d)    Aggregated information             Purchase of shares 
 
  - Aggregated volume                     50,000 
 
  - Price                                 GBP0 
 
 e)    Date of the transaction           11/10/2021 
      --------------------------------  -------------------------------------------- 
 f)    Place of the transaction          Outside a trading venue 
      --------------------------------  --------------------------------------------

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END

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(END) Dow Jones Newswires

October 12, 2021 09:44 ET (13:44 GMT)

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