Business
Directors’ Subscriptions
Directors’ Subscriptions.
About this update from Pennant International Group Plc
[{"type":"text","content":"\n\n \n \n2 August 2024\nPENNANT INTERNATIONAL GROUP PLC\n(\"Pennant\", the \"Company\" or the \"Group\")\n \n \nDirectors' Subscriptions\n \n \nPennant 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.\n \n\n\n\n\nDirector/PDMR\n\n\nTitle\n\n\nNumber of Director Subscription Shares subscribed for\n\n\nHolding following Admission\n\n\nPercentage of total voting rights held on Admission\n\n\n\n\nIan Dighé*\n\n\nNon-Executive Chairman\n\n\n360,000\n\n\n360,000\n\n\n0.83%\n\n\n\n\nPhil Walker\n\n\nCEO\n\n\n52,000\n\n\n125,145\n\n\n0.29%\n\n\n\n\nDavid Clements\n\n\nCommercial & Risk Director\n\n\n40,000\n\n\n124,508\n\n\n0.29%\n\n\n\n\nDeborah Wilkinson\n\n\nNon-Executive Director\n\n\n200,000\n\n\n200,000\n\n\n0.46%\n\n\n\n\nTotal\n\n\n \n\n\n652,000\n\n\n809,653\n\n\n1.9%\n\n\n\n\n \n* includes 80,000 Ordinary Shares to be issued to Mr Dighé's spouse.\n \nAdmission, settlement and dealings\n \nApplication 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\").\n \nIt 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.\n \nFollowing 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.\n \nDefinitions\n \nCapitalised...