TIDMPEN

RNS Number : 8654B

Pennant International Group PLC

07 April 2017

7 April 2017

Pennant International Group plc

(AIM: PEN)

Director Dealing

Pennant International Group plc ("Pennant" or "the Group"), the AIM quoted supplier of integrated support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, announces that Mr Christopher Powell, through the Mr CC Powell Pension Fund purchased a total of 120,000 shares from Mrs JK Powell at an average price of 85.75 pence per share.

The Company announces that further to the above purchase of Ordinary Shares, Mr CC Powell and Mrs JK Powell now have the following interests:

 
 Name                 Pre-sale     Shares        Revised   Percentage 
                       holding       sold        holding     of Share 
                   of Ordinary               of Ordinary      Capital 
                        Shares                    Shares 
 Mr CC Powell 
  Pension Fund         970,180    120,000      1,090,180         3.31 
 Mrs JK Powell 
  Pension Fund       1,952,137                 1,952,137         5.93 
 Mr CC Powell        1,750,000                 1,750,000         5.31 
 Mrs JK Powell         750,000   -120,000        630,000         1.91 
                     5,422,317          -      5,422,317        16.46 
                 -------------  ---------  -------------  -----------

At today's date, the Company has 32,943,533 Ordinary Shares in issue.

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                                                            N/A 
---  -------------------------------------------------------------  -------------------------------- 
 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 5 pence each 
 
       Identification code: 
                                                                      ISIN: GB0002570660 
---  -------------------------------------------------------------  -------------------------------- 
 b)   Nature of the transactions                                     Sale of ordinary shares 
---  -------------------------------------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)                                          Price(s)       Volume(s) 
                                                                      -------------  ---------- 
                                                                       86.0 pence     60,000 
                                                                        85.5 pence     60,000 
                                                                      -------------  ---------- 
---  -------------------------------------------------------------  -------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                        120,000 
                                                                       GBP102,900 
 
         *    Price 
---  -------------------------------------------------------------  -------------------------------- 
 e)   Date of the transaction                                        4 April 2017 and 6 April 2017 
---  -------------------------------------------------------------  -------------------------------- 
 f)   Place of the transaction                                       London Stock Exchange, AIM 
---  -------------------------------------------------------------  --------------------------------

Enquiries:

 
 Pennant International         www.pennantplc.co.uk 
  Group plc 
 Philip Walker, CEO            +44 (0) 1452 714 881 
 WH Ireland Limited            www.whirelandplc.com 
 Mike Coe / Ed Allsopp         +44 (0) 117 945 3470 
 
 Walbrook PR (Financial    paul.vann@walbrookpr.com 
  PR) 
 Paul Vann / Tom Cooper         +44 (0)20 7933 8780

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

April 07, 2017 02:00 ET (06:00 GMT)

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