Pennant International Group plc (AIM:PEN)( Pennant , the Group , or the Company ), a leading global provider of technology-based maintainer training and integrated product support solutions, announces a share issue to satisfy subscriptions under its employee Share Incentive Plan (the SIP ) and the exercise of an option granted in 2012. The Company has issued an aggregate of 63,972 new ordinary shares of 5p each to satisfy subscriptions under the SIP (the SIP Shares ). The SIP Shares have been issued at 38p per share in accordance with the rules of the SIP, being the market price at the start of the subscription period. As participants in the SIP, Philip Walker (Chief Executive Officer) and David Clements (Commercial & Risk Director) have each subscribed for 4,736 SIP Shares.
to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 Summary The boards of Inspired Education Online Limited ( Bidco ) (the Bidco Board or the Bidco Directors ) and Wey Education plc ( Wey Education ) (the Wey Education Board or the Wey Education Directors ) are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition by Bidco, to acquire the entire issued and to be issued ordinary share capital of Wey Education (the Acquisition ). The Acquisition is intended to be effected by means of a court-sanctioned scheme of arrangement between Wey Education and the Wey Education Shareholders under Part 26 of the Companies Act (the Scheme ) (or, if Bidco elects, with the consent of the Panel, by way of a Takeover Offer).
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