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Pennant International Group PLC announced director dealings involving its ordinary shares. On February 3, 2025, CEO Philip Walker acquired 36,981 shares at 26.90p each. On January 31, 2025, CFO Darren Wiggins purchased 33,274 shares at 25.77p, and Commercial & Risk Director David Clements acquired 104,639 shares at 26.75p.
| Date | 3 Feb 2025 |
| Time | 13:41:58 |
| Category | Director/PDMR dealings |
| ID | 7013V |
FOR IMMEDIATE RELEASE 3 February 2025
PENNANT INTERNATIONAL GROUP PLC
Director Dealings
Pennant International Group plc (AIM:PEN), the systems support software and training solutions company, announces that it has been informed of the following dealings in ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") by Philip Walker (Chief Executive Officer), Darren Wiggins (Chief Financial Officer) and David Clements (Commercial & Risk Director).
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Director |
Position |
Number of Ordinary Shares acquired |
Price paid per share (p) |
Resulting interest in shares |
Resulting percentage holding |
|
Philip Walker |
Chief Executive Officer |
36,981 |
26.90 |
177,126 |
0.41% |
|
Darren Wiggins |
Chief Financial Officer |
33,274 |
25.77 |
33,274 |
0.08% |
|
David Clements |
Commercial & Risk Director |
104,639 |
26.75 |
244,147 |
0.56% |
The table at the end of this announcement provides further information in accordance with the requirements of the UK Market Abuse Regulation.
Enquiries:
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Pennant International Group plc |
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David Clements, Company Secretary |
+44 (0) 1452 714 914 |
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Zeus (Nomad) |
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Mike Coe / Darshan Patel / Ed Beddows (Investment Banking) |
+44 (0) 203 829 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 and 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)7407 020 470 |
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Notes to editors:
Pennant International Group plc (AIM: PEN) is a technology driven, leading global provider of system support software and 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 segments:
• Software: a key generator of recurring revenues through the provision of a suite of 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.
• Technical Services: drives repeatable revenues through expert support for users of Pennant and third party solutions including consultancy, support and maintenance, training and bespoke development.
• Training Systems: project-based revenues relating to the design and build of hardware, software and virtual training solutions for maintainers and operators of aircraft, ships and land systems.
Pennant is strategically focused on sustainable recurring and repeatable revenues 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 Asia-Pacific, serving markets with high barriers to entry often in regulated industries.
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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 |
Philip Walker |
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2
|
Reason for the notification
|
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a)
|
Position/status
|
Chief Executive Officer |
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b)
|
Initial notification /Amendment |
Initial Notification |
||||
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3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Pennant International Group plc |
||||
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b)
|
LEI
|
2138005AIIUYSRP5O254 |
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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 financial instrument, type of instrument |
Ordinary Shares of 5p each |
||||
|
|
|
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Identification code |
GB0002570660 |
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|
|
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b)
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Nature of the transaction
|
Purchase of Ordinary Shares |
||||
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c) |
Price(s) and volume(s)
|
|
||||
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d)
|
Aggregated information
Aggregated volume
Price
|
36,981
£9,947.89 |
||||
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e)
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Date of the transaction
|
3 February 2025 |
||||
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f) |
Place of the transaction |
London Stock Exchange, AIM |
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1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
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a)
|
Name |
Darren Wiggins |
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2
|
Reason for the notification
|
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a)
|
Position/status
|
Chief Financial Officer |
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b)
|
Initial notification /Amendment |
Initial Notification |
||||
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3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Pennant International Group plc |
||||
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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 financial instrument, type of instrument |
Ordinary Shares of 5p each |
||||
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|
|
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Identification code |
GB0002570660 |
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|
|
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b)
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Nature of the transaction
|
Purchase of Ordinary Shares |
||||
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c) |
Price(s) and volume(s)
|
|
||||
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d)
|
Aggregated information
Aggregated volume
Price
|
33,274
£8,574.71 |
||||
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e)
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Date of the transaction
|
31 January 2025 |
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f) |
Place of the transaction |
London Stock Exchange, AIM |
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1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name |
David Clements |
||||
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2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Commercial & Risk Director |
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b)
|
Initial notification /Amendment |
Initial Notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Pennant International Group plc |
||||
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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 financial instrument, type of instrument |
Ordinary Shares of 5p each |
||||
|
|
|
|||||
|
Identification code |
GB0002570660 |
|||||
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b)
|
Nature of the transaction
|
Purchase of Ordinary Shares |
||||
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c) |
Price(s) and volume(s)
|
|
||||
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d)
|
Aggregated information
Aggregated volume
Price
|
104,639
£27,990.93 |
||||
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e)
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Date of the transaction
|
31 January 2025 |
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|
f) |
Place of the transaction |
London Stock Exchange, AIM |
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