14 August 2024
PENNANT INTERNATIONAL GROUP
PLC
("Pennant", the "Company" or the "Group")
Directorate
Change
Pennant International Group plc
(AIM:PEN), the systems support and training solutions
company, provides the following Board
update.
Michael Brinson, Chief Financial
Officer, has resigned to pursue other opportunities. Mr Brinson
will work a short handover period and is expected to cease
employment on 31 October 2024. He will step down as a Director with
immediate effect. The Board wishes him well
in all his future endeavours.
The Company has commenced the
process to identify and recruit a new CFO, and in the meantime
intends to appoint an interim senior finance executive to support
the Board. A further update will be provided in due
course.
.
Enquiries:
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Pennant International Group plc
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www.pennantplc.com
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David Clements, Company
Secretary
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+44 (0) 1452 714 914
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Zeus (Nomad)
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www.zeuscapital.co.uk
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Mike Coe / Sarah Mather (Investment
Banking)
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+44 (0) 203 829
5000
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Cavendish Capital Markets Limited (Broker)
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www.cavendish.com
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Ben Jeynes / Callum Davidson /
George Lawson (Corporate Finance)
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+44 (0) 207 220 0500
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Michael Johnson / Dale Bellis /
Sunila de Silva (Sales and Corporate Broking)
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Walbrook PR (Financial PR)
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pennant@walbrookpr.com
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Tom Cooper
Joe Walker
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+44 (0)20 7933 8780
Mob: +44 (0)7971 221 972
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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:
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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.