Pennant International Group plc (AIM:PEN), the systems support software and training solutions company, provides the following financing update.
In its announcement of 19 September 2025, the Company noted that certain shareholders had indicated their support to provide additional working capital by way of a shareholder loan in place of the proposed conditional subscription of £320,000 in new ordinary shares, which was discontinued.
Drawing on that support, the Company has now entered into a short-term unsecured shareholder loan agreement with Brett Gordon, an existing major shareholder, for a loan of up to £320,000 (the “Loan Agreement”).
