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An update from Pennant International ( (GB:PEN) ) is now available.
Pennant International Group has announced the exchange of contracts for the sale of three commercial properties at its Staverton site, expected to complete on April 25, 2025, for £1.2 million. The proceeds will reduce the company’s overdraft borrowings, providing additional borrowing headroom despite a reduced overdraft facility limit. This move is part of Pennant’s ongoing property disposal program, with marketing efforts continuing for the remaining properties.
More about Pennant International
Pennant International Group plc is a technology-driven global provider specializing in system support software, technical services, and training solutions. It serves key markets such as Aerospace, Defence, and Rail, along with safety-critical sectors like Shipping, Nuclear, and Space. The company focuses on sustainable recurring and repeatable revenues, emphasizing high-margin software and services amid increasing defence budgets and technological advancements.
YTD Price Performance: -1.79%
Average Trading Volume: 104,455
Technical Sentiment Signal: Strong Buy
Current Market Cap: £11.89M
Find detailed analytics on PEN stock on TipRanks’ Stock Analysis page.