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Pennant International Group PLC - Cheltenham, England-based training technology and product support provider - Agrees sale of former Cheltenham head office Pennant Court to Pripco Ltd for £2.1 million in cash.
Proceeds from the sale will go towards reducing its overdraft, which currently stands at £4.2 million.
In addition, as part of its review into the group's UK facilities, Pennant International will terminate its office lease in Stevenage, and is in early talks for surrendering another leased premises.
Current stock price: 29.68 pence
12-month change: down 10%
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