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Pennant International Group PLC granted an option to Michael Brinson, Group Head of Finance, on October 11, 2021. This option covers 50,000 ordinary shares at an exercise price of 30 pence per share. The option vests after 36 months and is subject to a performance condition requiring the company's share price to reach at least 78.5 pence for 20 consecutive business days.
| Date | 12 Oct 2021 |
| Time | 14:44:01 |
| Category | Director/PDMR dealings |
| ID | 8370O |
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:
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Pennant International Group plc |
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Philip Walker, CEO David Clements, Commercial & Risk Director |
+44 (0) 1452 714 914 |
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WH Ireland Limited (Nomad and Broker) |
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Mike Coe Sarah Mather |
+44 (0) 20 7220 1666 |
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Walbrook PR (Financial PR) |
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Paul Vann Tom Cooper |
+44 (0)20 7933 8780 Mob: +44 (0)7768 807631 |
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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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Michael Brinson |
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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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Head of Finance (PDMR) |
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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 |
Ordinary Shares of 5p each |
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Identification code |
GB0002570660 |
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b)
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Nature of the transaction
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Grant of option over unissued ordinary shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Purchase of shares |
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n/a |
50,000 |
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d)
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Aggregated information |
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Purchase of shares |
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- Aggregated volume |
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50,000 |
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- Price |
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£0 |
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e)
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Date of the transaction
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11/10/2021 |
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f)
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Place of the transaction |
Outside a trading venue |
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