Source - RNS
RNS Number : 4617T
Pennant International Group PLC
12 October 2017
 

                                                                                                                                                           

 

FOR IMMEDIATE RELEASE                                                                                          12 October 2017

 

PENNANT INTERNATIONAL GROUP PLC

(AIM:PEN)

 

Director Dealing

 

Pennant International Group plc ("Pennant" or the "Company"), the AIM quoted supplier of integrated training and support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, announces that it has been informed that on 11 October 2017, the following dealings occurred in ordinary shares of 5p each in the capital of the Company ("Ordinary Shares"):

 

1)   The Mrs JK Powell Pension Fund purchased a total of 300,000 Ordinary Shares from the Mr CC Powell Pension Fund at a price of £0.845 per share. 

 

2)   The Mr CC Powell Pension Fund purchased a total of 1,300,000 Ordinary Shares from Mr CC Powell at a price of £0.845 per share.  

 

The Company announces that further to the above dealings, the interests of Mr CC Powell and Mrs JK Powell are as follows:

 

Name

Disposals

Acquisitions

Holding Pre-Dealing

Revised Holding

Percentage (%) of Share Capital

Mr CC Powell

-1,300,000

 

1,750,000

450,000

1.37%

Mr CC Powell Pension Fund

-300,000

1,300,000

1,090,180

2,090,180

6.34%

CC Powell sub-total

-1,600,000

1,300,000

2,840,180

2,540,180

7.71%

Mrs JK Powell

 

 

630,000

630,000

1.91%

Mrs JK Powell Pension Fund

 

300,000

1,952,137

2,252,137

6.84%

JK Powell sub-total

 

300,000

2582137

2,882,137

8.75%

 

 

 

 

 

 

Total

-1,600,000

1,600,000

5,422,317

5,422,317

16.46%

 

 

 

 

 

 

 

The total holdings of Mr and Mrs Powell taken together remain unchanged.

 

The Company has 32,943,533 Ordinary Shares in issue (none of which are held in treasury).

 

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation,

provides further detail.

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mr Christopher Powell

2

Reason for the notification

a)

Position/status

Non-executive 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

Identification code:

Ordinary shares of 5 pence each

 

ISIN: GB0002570660

b)

Nature of the transactions

Disposals

Sale of 300,000 ordinary shares by Mr CC Powell Pension Fund

Sale of 1,300,000 ordinary shares by Mr CC Powell

 

Acquisitions

Purchase of 1,300,000 ordinary shares by Mr CC Powell Pension Fund

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

84.5 pence

300,000 (disposal)

 

 

84.5 pence

 

1,300,000 (disposal)

84.5 pence

 

1,300,000 (acquisition)

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume

Price

 

 

 

Disposals

1,600,000

£1,352,000

 

Acquisitions

1,300,000

£1,098,500

e)

Date of the transaction

11 October 2017

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mrs JK Powell

2

Reason for the notification

a)

Position/status

Person closely associated with Christopher Powell (Non-executive 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

 

Identification code:

Ordinary shares of 5 pence each

 

 

ISIN: GB0002570660

b)

Nature of the transactions

Purchase of 300,000 ordinary shares by Mrs JK Powell Pension Fund

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

84.5 pence

 

300,000

 

 

d)

Aggregated information

-      Aggregated volume

-    Price

 

300,000

£253,500

e)

Date of the transaction

11 October 2017

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

Enquiries:

 

Pennant International Group plc

www.pennantplc.co.uk

Philip Walker, CEO

David Clements, Commercial Director

+44 (0) 1452 714 881

+44 (0) 1452 714 914

 

 

WH Ireland Limited

www.whirelandplc.com 

Mike Coe / Ed Allsopp

+44 (0) 117 945 3470

 

 

Walbrook PR (Financial PR)

[email protected]

Paul Vann / Tom Cooper

+44 (0)20 7933 8780

Mob: +44 (0)7768 807631

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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