REG - Pebble Beach Sys Grp - Board Change

Pebble Beach SystemsAnnouncement

23/08/2022 11:15

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RNS Number : 9357W  Pebble Beach Systems Group PLC  23 August 2022

23 August 2022

Pebble Beach Systems Group plc

 

("Pebble" or the "Group")

 

Board Change

 

 

Pebble announces that David Dewhurst has resigned as a Director of the Company
with immediate effect and has left the executive role of Chief Finance
Officer. For the foreseeable future David will not be replaced and the finance
function, as previously, will report to the CEO.

Peter Mayhead Group Chief Executive Officer of Pebble, said:

"David joined Pebble in 2020 to support our growth strategy, including
exploring funding opportunities and M&A strategy. However, it has become
clear that the current economic environment is not conducive to any
significant fundraising and therefore we agreed that Pebble is unable to
benefit from his extensive skills and experience at this time.

I have enjoyed working with David over the past two years as we navigated the
challenges of Covid and the changing economic situation. I would like to take
this opportunity to thank him, on behalf of the Board and colleagues for his
commitment and contribution during his time here. He leaves with our best
wishes for his future career.

As I resume overall responsibility for the finance function I am pleased to
say that I will be supported by our Head of Finance, Paul Inzani ACMA. Paul
already possesses a deep knowledge of the Company's operations and financial
functions. With over 18 years of relevant work experience, previously as Group
Head of Finance for LineUp Software, I am confident we have the combined
skills to cover all CFO duties for the foreseeable future. Paul will be in
attendance at board meetings."

 

 

For further information please contact:

 Peter Mayhead - CEO                             +44 (0) 75 55 59 36 02

 finnCap Ltd (Nominated Adviser and Broker)      +44 (0) 207 220 0500

 Marc Milmo / Teddy Whiley - Corporate Finance

 Tim Redfern / Sunila de Silva - ECM

 

 

The Company is listed on the LSE AIM market (PEB.L).  More information can be
found at www.pebbleplc.com (http://www.pebbleplc.com/) .

 

 

 

 

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