Company Announcements

6 August 2024

PENNANT INTERNATIONAL GROUP PLC

("Pennant", the "Company" or the "Group")

Directors' Dealings  

Pennant International Group plc (AIM:PEN), the systems support and training solutions company, announces that it has been informed of the following dealings in ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") by Ian Dighé, Non-Executive Chairman, and Deborah Wilkinson, Non-Executive Director.

On 6 August 2024, Ian Dighé sold 200,000 Ordinary Shares held in his dealing account at a price of 25p per Ordinary Share and purchased 200,000 Ordinary Shares into his SIPP at a price of 25p per Ordinary Share. Following this transaction, Ian Dighé and his spouse's beneficial shareholding remains unchanged at 360,000 Ordinary Shares, representing 0.83% of the Company's voting share capital.

In addition on 6 August 2024, Deborah Wilkinson, sold 200,000 Ordinary Shares held in her dealing account at a price of 25p per Ordinary Share and purchased 200,000 Ordinary Shares into her ISA at a price of 25p per Ordinary Share. Following this transaction, Deborah Wilkinson's beneficial shareholding remains unchanged at 200,000 Ordinary Shares, representing 0.46% of the Company's voting share capital.

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Notes to editors:

Pennant International Group plc (AIM: PEN) is a technology driven, leading global provider of system support services, technical services, and training solutions. It supports its global customer base in the design, development, operation, maintenance, and training of complex assets, to maximise operational and maintenance efficiency.

Its key markets include Aerospace, Defence and Rail, and adjacent safety-critical markets such as Shipping, Nuclear and Space.

 The Group addresses the market through three key business lines:

•     Systems support: software tools designed to help clients: manage and use complex data; ensure equipment availability at optimal cost; and comply with industry standards.  Its Integrated Product Support (IPS) and Integrated Logistics Support (ILS) software and services equips customers with powerful market-leading toolsets to manage, model and utilise complex equipment data.

•     Training solutions: provide hardware, software and virtual solutions, critical skills training for maintainers and operators of aircraft, ships and land systems.

•     Technical services: support all Pennant's software and training solutions including consultancy, support and maintenance, training and bespoke development.

The Company's full product suite encompasses consultancy, technical documentation, rail services, training services, and bespoke engineering solutions.

Pennant is strategically focused on sustainable recurring revenue and profitability growth, shifting its model towards high margin software and services. Against a climate of rising defence budgets and the burgeoning technological complexity of military, aviation and rail platforms, the demand for these solutions is expected to grow substantially.

Headquartered in Cheltenham, UK, the Group operates worldwide, with offices in Europe, North America and Indo-Pacific, serving markets with high barriers to entry often in regulated industries.