Award of Options

About this update from Pennant International Group Plc

  FOR IMMEDIATE RELEASE                                                                                   12 December 2024                                                                      PENNANT INTERNATIONAL GROUP PLC   Award of Options     Pennant International Group plc (AIM: PEN) (the " Company ") announces that it has granted new EMI options over unissued ordinary shares of 5p each in the capital of the Company (" ordinary shares ") to its executive directors, as per the table below (the " New Options "):   Director Role Number of ordinary shares under each New Option   Philip Walker Chief Executive Officer 289,473 Darren Wiggins Chief Financial Officer 400,000 David Clements Commercial & Risk Director 100,000   The New Options are subject to vesting conditions tied to achieving growth in the Company's share price, vesting in tranches as and when certain milestones are achieved and the share price sustained at that level for at least 30 days, as follows:   Target share price   % of New Options vesting     50p 50% 75p 25% 100p 25%   In order for the New Options to vest, the target share price(s) must be achieved during the three years following the date of grant (the " Performance Period ") and to the extent that the New Options have not vested during the Performance Period, the rights over the unissued shares will lapse. Any shares that are acquired pursuant to exercise of the New Options must be held by the relevant executive director for at least the Performance Period. The exercise price under the New Options is 28.5 per share.   The New Options are subject to further conditions contained in the Company's EMI scheme document, as approved by shareholder vote in 2019. Each executive director's New Options lapse should his employment cease. The tables below provide further details for each PDMR.       Enquiries:     Pennant International Group plc www.pennantplc.com David Clements, Company Secretary +44 (0) 1452 714 914 Zeus (Nomad)   www.zeuscapital.co.uk     Mike Coe / Sarah Mather (Investment Banking) +44 (0) 203 829 5000 Cavendish Capital Markets Limited (Broker) www.cavendish.com Ben Jeynes / Callum Davidson / George Lawson (Corporate Finance) +44 (0) 207 220 0500   Michael Johnson / Dale Bellis / Sunila de Silva (Sales and Corporate Broking)    Walbrook PR (Financial PR) [email protected] Tom Cooper Joe Walker +44 (0)20 7933 8780 Mob: +44 (0)7407 020 470     1   Details of the person discharging managerial responsibilities / person closely associated   a)   Name   Philip Walker 2   Reason for the notification   a)   Position/status Chief Executive Officer 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 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 b)   Nature of the transaction Option award   c)   Price(s) and volume(s) Price(s) Volume(s) Award of shares £0.285 289,473 d)   Aggregated information Award of shares - Aggregated volume 289,473 - Price £82,499.81 e)   Date of the transaction   11 November 2024 f)   Place of the transaction Outside a trading venue     1   Details of the person discharging managerial responsibilities / person closely associated   a)   Name   Darren Wiggins 2   Reason for the notification   a)   Position/status Chief Financial Officer 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 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 b)   Nature of the transaction Option award   c)   Price(s) and volume(s) Price(s) Volume(s) Award of shares £0.285 400,000 d)   Aggregated information Award of shares - Aggregated volume 400,000 - Price £114,000 e)   Date of the transaction   11 November 2024 f)   Place of the transaction Outside a trading venue     1   Details of the person discharging managerial responsibilities / person closely associated   a)   Name   David Clements 2   Reason for the notification   a)   Position/status Commercial & Risk Director 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 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 b)   Nature of the transaction Option award   c)   Price(s) and volume(s) Price(s) Volume(s) Award of shares £0.285 100,000 d)   Aggregated information Award of shares - Aggregated volume 100,000 - Price £28,500 e)   Date of the transaction   11 December 2024 f)   Place of the transaction Outside a trading venue        

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