REG - Pebble Group (The) - Establishment of an Employee Benefit Trust

PebbleAnnouncement

08/12/2023 16:45

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RNS Number : 2345W  Pebble Group PLC (The)  08 December 2023

8 December 2023

 

THE PEBBLE GROUP PLC

("The Pebble Group", or the "Group")

AIM: PEBB, OTCQX: PEBBF

 

Establishment of an Employee Benefit Trust

and

Purchase of Shares

 

The Pebble Group, a leading provider of digital commerce, products and related
services to the global promotional products industry, is pleased to announce
it has established The Pebble Group Employee Benefit Trust (the "EBT").

 

Further to the establishment of the EBT, the Group funded the EBT by way of a
gift and the Group received notification on 8 December 2023 from the EBT that
the EBT had purchased a total of 716,195 ordinary shares of 1 pence each
("Ordinary Shares") at a price of £0.55 per Ordinary Share on 8 December
2023.

 

The EBT is a discretionary trust, which has been established for the benefit
of employees and is administered by JTC Employer Solutions Trustee Limited.
The EBT will be funded by the Company by way of either gift or loan.  The
Group may issue new Ordinary Shares to be subscribed for by the EBT or the EBT
may make market purchases of Ordinary Shares to be held and used to satisfy
the future vesting of share or share option awards granted to participants
under the rules of The Pebble Group Long Term Incentive Plan ("LTIP"). Any New
Ordinary Shares will rank pari passu with the Group's existing Ordinary
Shares. The EBT has waived its rights to dividends.

 

Following the transaction, a total of 716,195 Ordinary Shares representing
0.43 per cent of the Group's total voting rights are held in the EBT.

 

 

 Enquiries:

 

 The Pebble Group                                       Temple Bar Advisory (Financial PR)

 Chris Lee, Chief Executive Officer                     Alex Child-Villiers

 Claire Thomson, Chief Financial Officer                William Barker / Sam Livingstone

 +44 (0) 750 012 4121                                   +44 (0) 207 183 1190

                                                        pebble@templebaradvisory.com (mailto:pebble@templebaradvisory.com)

 Grant Thornton UK LLP (Nominated Adviser)              Berenberg (Corporate Broker)

 Samantha Harrison / Harrison Clarke / Ciara Donnelly   Ben Wright / Marie Moy / Mollie D'Arcy Rice

 +44 (0) 207 184 4384                                   +44 (0) 203 207 7800

 

 

About The Pebble Group plc

 

The Pebble Group is a provider of digital commerce, products and related
services to the global promotional products industry, comprising two
differentiated businesses, Facilisgroup and Brand Addition, focused on
specific areas of the promotional products market. For further information,
please visit www.thepebblegroup.com (http://www.thepebblegroup.com/) .

 

 

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