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Pennant International Group PLC announced on July 15, 2024, that Zeus Capital Limited has become its new Nominated Adviser, effective immediately. This change follows Zeus Capital Limited's acquisition of the WH Ireland Capital Markets Division.
| Date | 15 Jul 2024 |
| Time | 07:00:08 |
| Category | Corporate updates |
| ID | 2574W |
FOR IMMEDIATE RELEASE 15 July 2024
PENNANT INTERNATIONAL GROUP PLC
Change of Adviser
Pennant International Group plc (AIM:PEN), the systems support and training solutions company, announces that its Nominated Adviser has changed to Zeus Capital Limited with immediate effect.
This change follows completion of the acquisition by Zeus Capital Limited of the WH Ireland Capital Markets Division (from WH Ireland Limited), announced earlier today.
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Pennant International Group plc |
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Philip Walker, CEO David Clements, Commercial & Risk Director Michael Brinson, CFO |
+44 (0) 1452 714 914 |
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Zeus Capital Limited (Nomad) |
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Mike Coe / Sarah Mather |
+44 (0) 20 3829 5000 |
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Cavendish Capital Markets Limited (Broker) |
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Ben Jeynes / Callum Davidson / George Lawson (Corporate Finance) |
+44 (0) 207 220 0500
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Michael Johnson / Dale Bellis / Sunila de Silva (Sales & Corporate Broking)
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Walbrook PR (Financial PR) |
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Tom Cooper Joe Walker |
+44 (0)20 7933 8780 Mob: +44 (0)7971 221 972 |
Notes to editors:
Pennant International Group plc (AIM: PEN) is a technology driven, leading global provider of system support 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 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 solutions: 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.
Pennant - Maximising Operational Efficiency - YouTube