FOR IMMEDIATE RELEASE 12 March 2018
PENNANT INTERNATIONAL GROUP PLC
Directorate Changes
Appointment of Finance Director
Appointment of Non-Executive Director
Pennant International Group plc ("Pennant", the "Company" or the "Group"), the AIM quoted supplier of integrated training and support solutions, products and services which train and assist engineers in defence and regulated civilian sectors, is pleased to announce the appointments of Gary Barnes as Finance Director and Mr John Ponsonby OBE as a Non-Executive Director, in each case with effect from 1 April 2018.
Mr Barnes, aged 51, is the Group's present Head of Finance, with operational oversight of all financial matters; he has 21 years' experience within the Pennant business. He holds no other directorships, past or present.
Mr Barnes, together with his wife, hold 150,934 ordinary shares in the Company (representing approximately 0.46% of the Company's issued share capital). Furthermore, he has share options over an additional 370,000 unissued shares:
Number of share options |
Exercise price |
Date of grant |
130,000 |
26.75 pence per share |
May 2012 |
70,000 |
62.00 pence per share |
April 2013 |
40,000 |
86.00 pence per share |
March 2014 |
30,000 |
84.00 pence per share |
March 2015 |
100,000 |
80.50 pence per share |
September 2017 |
There are no other disclosures required in accordance with Schedule 2(g) of the AIM Rules.
Mr Ponsonby, aged 62, spent 34 years in the British Military serving in both the British Army and later the Royal Air Force, having graduated from the Royal Military Academy Sandhurst, achieving the rank of Air Vice-Marshal commanding the RAF No 22 (Training) Group. Mr Ponsonby was most recently Managing Director at Leonardo Helicopters UK (a division of Leonardo MW Limited) which generated annual revenues of over £1 billion, and was a member of the AgustaWestland Executive Steering Committee. He was previously Senior Vice President of Customer Support and Training Services worldwide.
The following details in relation to the appointment of Mr John Ponsonby are disclosed in accordance with Schedule 2(g) of the AIM Rules:
Current directorships |
Past directorships held within last five years |
British Rotorcraft Museum and Avon Air Collection Limited (The) Fly Navy Heritage Trust Limited |
AgustaWestland Holdings Limited AgustaWestland Limited Aviation Training International Limited Leonardo MW Limited Rotorsim S.R.L. Westland Support Services Limited |
There are no other disclosures required in accordance with Schedule 2(g) of the AIM Rules.
Enquiries:
Pennant International Group plc |
www.pennantplc.co.uk |
Philip Walker, CEO David Clements, Commercial & Risk Director |
+44 (0) 1452 714 914 |
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WH Ireland Limited |
www.whirelandcb.com |
Mike Coe / Ed Allsopp |
+44 (0) 117 945 3470 |
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Walbrook PR (Financial PR) |
[email protected] |
Paul Vann / Tom Cooper |
+44 (0)20 7933 8780 Mob: +44 (0)7768 807631 |
