REG - Pebble Beach Sys Grp - Director/PDMR Shareholding

Pebble Beach SystemsAnnouncement

24/01/2023 09:15

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RNS Number : 6786N  Pebble Beach Systems Group PLC  24 January 2023

Pebble Beach Systems Group plc

Director/PDMR Shareholding

 

Pebble Beach Systems Group plc (AIM: "PEB", "Pebble" or the "Group"), a
leading global software business specialising in playout automation and
content management and IP Control solutions for the broadcast and streaming
service markets, announces that on 23 January 2023 it received notification
from Kestrel Partners LLP ("Kestrel") that it has transferred 2,301,000
ordinary shares of 2.5p each ("Ordinary Shares") from one of its discretionary
clients to another.

Chris Errington, Non-Executive Director, is a partner of, and holds a
beneficial interest in, Kestrel. Mr. Errington is also a shareholder in one of
Kestrel's clients ("Kestrel Opportunities") and is therefore deemed to have a
beneficial interest in Kestrel Opportunities' entire legal holding in Pebble.

Following this notification, Kestrel Opportunities hold (and consequently Mr.
Errington is deemed to have a beneficial interest in) 14,696,625 Ordinary
Shares, and other clients of Kestrel, in which Mr. Errington has no beneficial
interest now hold 22,388,904 Ordinary Shares. Following these transfers, on a
combined basis, Kestrel continues to indirectly hold voting rights over
37,085,529 Ordinary Shares in Pebble, which represents 29.76% per cent of
Pebble's issued share capital.

Kestrel's interest in the Ordinary Shares in the Group is held through the
following nominees:

  Holding type   Nominee                        No. of Ordinary Shares  % of issued share capital
 Indirect        Bank of New York Nominees Ltd  14,696,625              11.79%
 Indirect        JIM Nominees Limited           245,000                 0.20%
 Indirect        Bank of New York Nominees Ltd  22,143,904              17.77%

 

 

For further information please contact:

                                                 +44 (0) 75 55 59 36 02

 Peter Mayhead - CEO
 finnCap (Nominated Adviser and Broker)

 Marc Milmo / Teddy Whiley - Corporate Finance   +44 (0) 207 220 0500
 Tim Redfern/Sunila de Silva - ECM

 

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

 

 

ANNEX

 

Template for notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely associated with
them.

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Chris Errington

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Director

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Pebble Beach Systems Group plc

 b)   LEI                                                          2138006Q5EZTDJMIBM38

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument  2.5p Ordinary Shares

      Identification code

                                                                   ISIN: GB0001482891

 b)   Nature of the transaction                                    Transfer of Ordinary Shares between Kestrel controlled accounts. Mr Errington

                                                            is a partner of, and holds a beneficial interest in, Kestrel. Mr Errington is
                                                                   also a shareholder in one of Kestrel's clients ("Kestrel Opportunities"), and

                                                            is therefore deemed to have a beneficial interest in Kestrel Opportunities'
                                                                   entire legal holding in Pebble.

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            GBP 0.08   2,301,000 Ordinary Shares
      Transfer between client accounts

 

 d)   Aggregated information

                                                                   As above

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      23/01/2023

 f)   Place of the transaction                                     London Stock Exchange

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

As above

 

 

e)

 

Date of the transaction

 

23/01/2023

f)

 

Place of the transaction

 

London Stock Exchange

 

 

 

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