Business
Issue of Equity & Director Dealings
Issue of Equity & Director Dealings.
About this update from Pennant International Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3892U\n Pennant International Group PLC\n 01 April 2021\n \n \n \n \n \n \n \n \n \n \n FOR IMMEDIATE RELEASE 01 April 2021\n \n \n \n \n \n PENNANT INTERNATIONAL GROUP PLC\n \n \n \n \n \n Issue of Equity and Director Dealings\n \n \n \n \n \n \n \n \n Pennant International Group plc (AIM:PEN)(\"Pennant\", the \"Group\", or the \"Company\"), a leading global provider of technology-based maintainer training and integrated product support solutions, announces a share issue to satisfy subscriptions under its employee Share Incentive Plan (the \"SIP\") and the exercise of an option granted in 2012.\n \n \n \n \n \n The Company has issued an aggregate of 63,972 new ordinary shares of 5p each to satisfy subscriptions under the SIP (the \"SIP Shares\"). The SIP Shares have been issued at 38p per share in accordance with the rules of the SIP, being the market price at the start of the subscription period.\n \n \n \n \n \n As participants in the SIP, Philip Walker (Chief Executive Officer) and David Clements (Commercial & Risk Director) have each subscribed for 4,736 SIP Shares. \n \n \n \n \n \n The tables below provide further details for each Director in accordance with the requirements of the EU Market Abuse Regulation\n \n \n \n \n \n Separately, the Company has received an exercise notice in respect of an option granted in 2012 under the Company's EMI scheme. In satisfaction thereof, the Company has issued 130,000 new ordinary shares of 5p each at an exercise price of 26.75p per share (the \"Option Shares\"). \n \n \n \n \n \n Application for admission to trading on AIM of the 63,972 SIP Shares and 130,000 Option Shares (together, the \"New Shares\") has been made and admission of the New Shares is expected to take place on or before 9 April 2021. \n \n \n \n \n \n The New Shares will rank pari passu with the existing ordinary shares in issue. The New Shares will represent approximately 0.5% per cent. of the Company's enlarged issued share capital on admission. \n \n \n \n \n \n In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the New Shares, its issued ordinary share capital will c...