Directors’ Subscriptions
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Pennant International Group plc (AIM:PEN), the systems support and training solutions company, is pleased to announce that pursuant to the Fundraising announced on 24 May 2024, the release of the Company's results on 21 June 2024 and the annual general meeting held on 17 July 2024, certain Directors and members of the senior management team of the Company have subscribed for 772,000 new Ordinary Shares ("Directors' Subscription Shares") at an issue price of 25p per share, being the same price as the Placing Shares and Subscription Shares issued in connection with the Fundraising. Further details on the Directors' individual subscriptions are set out in the table below.
| Director/PDMR | Title | Number of Director Subscription Shares subscribed for | Holding following Admission | Percentage of total voting rights held on Admission |
|---|---|---|---|---|
| Ian Dighé* | Non-Executive Chairman | 360,000 | 360,000 | 0.83% |
| Phil Walker | CEO | 52,000 | 125,145 | 0.29% |
| David Clements | Commercial & Risk Director | 40,000 | 124,508 | 0.29% |
| Deborah Wilkinson | Non-Executive Director | 200,000 | 200,000 | 0.46% |
| Total | 65 2 ,000 | 8 09,653 | 1 .9 % |
* includes 80,000 Ordinary Shares to be issued to Mr Dighé's spouse.
Admission, settlement and dealings
Application has been made for admission of the Directors' Subscription Shares to trading on AIM, being the market of that name operated by the London Stock Exchange ("Admission").
It is expected that Admission will take place on or around 8.00 a.m. on 5 August 2024 and that dealings in the Directors' Subscription Shares on AIM will commence at the same time.
Following Admission, the Company will have 43,086,205 Ordinary Shares in issue. The new Ordinary Shares to be issued will, when issued, be fully paid and will rank pari passu in all respects with the Existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.
Definitions
Capitalised terms used in this announcement have the meanings given to them in the announcement made on 23 May 2024 regarding the Fundraising.
| a) | Name | Ian Dighé |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Chairman |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Pennant International Group plc |
| b) | LEI | 2138005AIIUYSRP5O254 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 5p each |
| Identification code | GB0002570660 | |
| b) | Nature of the transaction | Subscription of Ordinary Shares |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| Award of shares | 25p | 280,000 |
| d) | Aggregated information | Award of shares |
| - Aggregated volume | 280,000 | |
| - Price | £70,000 | |
| e) | Date of the transaction | 2 August 2024 |
| f) | Place of the transaction | London Stock Exchange, AIM |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Susan Dighé |
| 2 | Reason for the notification | |
| a) | Position/status | Person Closely Associated (spouse of Ian Dighé) |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Pennant International Group plc |
| b) | LEI | 2138005AIIUYSRP5O254 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 5p each |
| Identification code | GB0002570660 | |
| b) | Nature of the transaction | Subscription of Ordinary Shares |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| Award of shares | 25p | 80,000 |
| d) | Aggregated information | Award of shares |
| - Aggregated volume | 80,000 | |
| - Price | £20,000 | |
| e) | Date of the transaction | 2 August 2024 |
| f) | Place of the transaction | London Stock Exchange, AIM |
| 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 |
| a) | Name | Pennant International Group plc |
| b) | LEI | 2138005AIIUYSRP5O254 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 5p each |
| Identification code | GB0002570660 | |
| b) | Nature of the transaction | Subscription of Ordinary Shares |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| Award of shares | 25p | 52,000 |
| d) | Aggregated information | Award of shares |
| - Aggregated volume | 52,000 | |
| - Price | £13,000 | |
| e) | Date of the transaction | 2 August 2024 |
| 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 |
| a) | Name | Pennant International Group plc |
| b) | LEI | 2138005AIIUYSRP5O254 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 5p each |
| Identification code | GB0002570660 | |
| b) | Nature of the transaction | Subscription of Ordinary Shares |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| Award of shares | 25p | 40,000 |
| d) | Aggregated information | Award of shares |
| - Aggregated volume | 40,000 | |
| - Price | £10,000 | |
| e) | Date of the transaction | 2 August 2024 |
| f) | Place of the transaction | London Stock Exchange, AIM |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Deborah Wilkinson |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Pennant International Group plc |
| b) | LEI | 2138005AIIUYSRP5O254 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 5p each |
| Identification code | GB0002570660 | |
| b) | Nature of the transaction | Subscription of Ordinary Shares. |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| Award of shares | 25p | 200,000 |
| d) | Aggregated information | Award of shares |
| - Aggregated volume | 200,000 | |
| - Price | £50,000 | |
| e) | Date of the transaction | 2 August 2024 |
| f) | Place of the transaction | London Stock Exchange, AIM |
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