Pennant International Issues New Shares Under SIP

Pennant International (GB:PEN) has released an update.

Pennant International Group PLC has announced the issue of 147,928 new ordinary shares to fulfill subscriptions under its employee Share Incentive Plan, with CEO Philip Walker and Commercial & Risk Director David Clements each subscribing for 15,000 shares. The shares were issued at 24p each, and this will result in an increase in the company’s total voting rights to 43,234,133 following admission on the AIM. The move reflects the company’s commitment to employee investment and its strategic focus on sustainable revenue and growth within its key markets, including Aerospace, Defence, and Rail.

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