Pennant International Group PLC Issue of Equity and Director Dealing (2298K)
20 Abril 2020 - 07:58AM
UK Regulatory
TIDMPEN
RNS Number : 2298K
Pennant International Group PLC
20 April 2020
FOR IMMEDIATE RELEASE 20 April 2020
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 a share issue to satisfy subscriptions under its
employee Share Incentive Plan (the "SIP") and the award of options
to a Director.
During the 2019-2020 subscription year, participating Group
employees have sacrificed salary each month to save to buy shares
under the SIP.
To satisfy those subscriptions, the Company has now issued an
aggregate of 117,754 new ordinary shares of 5p each (the "SIP
Shares"). The SIP Shares have been issued at 38p per share in
accordance with the rules of the SIP, being the closing price on
the final business day of the subscription period.
As participants in the SIP, Philip Walker (Chief Executive
Officer) and David Clements (Commercial & Risk Director) have
each subscribed for 4,736 SIP Shares.
Separately, the Company has granted to Mervyn Skates (under its
existing EMI Share Option Scheme established in 2009) an option
over 40,000 ordinary shares at an exercise price of 38.5p per
share. The option has been granted in accordance with, and is
subject to, the Scheme Rules and vests 29 months after the date of
grant. The option lapses should Mr Skates cease to be employed by
the Company.
The tables appearing beneath the 'Enquiries' section below
provide further details for each Director in accordance with the
requirements of the EU Market Abuse Regulation
Application for admission to trading on AIM for the 117,754 SIP
Shares has been made and admission is expected to take place on or
before 21 April 2020. The SIP Shares will rank pari passu with the
existing ordinary shares in issue. The SIP Shares will represent
approximately 0.32% 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 36,446,385 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 36,446,385
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 Purchase of shares under the Employees
Share Incentive Plan.
---------------------------------- --------------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Purchase of shares 38p 4,736
d) Aggregated information Award of shares
- Aggregated volume 4,736
- Price GBP1,800
e) Date of the transaction 21 April 2020
---------------------------------- --------------------------------------------
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 Purchase of shares under the Employees
Share Incentive Plan.
---------------------------------- --------------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Purchase of shares 38p 4,736
d) Aggregated information Award of shares
- Aggregated volume 4,736
- Price GBP1,800
e) Date of the transaction 21 April 2020
---------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mervyn John Skates
---------------------------------- --------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status Operations 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 Grant of option over unissued ordinary
shares
---------------------------------- --------------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Option grant GBP0 40,000
d) Aggregated information Award of shares
- Aggregated volume 40,000
- Price GBP0
e) Date of the transaction 21 April 2020
---------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- --------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHFLFEFSEIIFII
(END) Dow Jones Newswires
April 20, 2020 08:58 ET (12:58 GMT)
Pennant (LSE:PEN)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Pennant (LSE:PEN)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024