REG - Pebble Beach Sys Grp - Director/PDMR Shareholding

Pebble Beach SystemsAnnouncement

25/10/2024 17:30

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RNS Number : 7550J  Pebble Beach Systems Group PLC  25 October 2024

25 October 2024

 

Pebble Beach Systems Group plc

 

(the "Company" or the "Group")

 

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 solutions for the broadcast and streaming service markets,
announces that it received notification from Chris Errington, Non-Executive
Director, that Kestrel Partners LLP ("Kestrel") sold, on behalf of
discretionary clients, 5,500,000 ordinary shares of 2.5p each ("Shares") on 24
October 2024.

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.

Following this notification, Kestrel Opportunities continues to hold (and
consequently Mr. Errington is deemed to have a beneficial interest in)
14,696,625 Shares, and other clients of Kestrel, in which Mr. Errington has no
beneficial interest now hold 16,888,904 Shares. Following these transfers, on
a combined basis, Kestrel indirectly holds voting rights over 31,585,529
Shares in Pebble, which represents 25.35% per cent of Pebble's issued share
capital.

 

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

 

 Holding type  Nominee                        No. of shares  % of issued share capital
 Indirect      Bank of New York Nominees Ltd  14,696,625     11.79%
 Indirect      JIM Nominees Limited           226,977        0.18%
 Indirect      Bank of New York Nominees Ltd  16,661,927     13.38%

 

For further information contact:

 

 For further information please contact:

Peter Mayhead, Chief Executive                                     +44 (0) 75 55 59 36 02

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)   +44 (0) 207 220 0500

 Marc Milmo / Teddy Whiley - Corporate Finance

 Tim Redfern/Sunila de Silva - ECM

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                                                         Kestrel Partners LLP

 2    Reason for the notification

 a)   Position/status                                              PCA - Christopher Errington (non-executive director)

 b)   Initial notification /Amendment                              Initial

 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  Ordinary shares of 2.5 pence each ("Ordinary Shares")

      Identification code

                                                                   ISIN: GB0001482891

 b)   Nature of the transaction                                    Purchase of Ordinary Shares.

 c)   Price(s) and volume(s)

24 October 2024
                                                                   Price(s)  Volume(s)
                                                                   £0.095    5,500,000
 d)   Aggregated information                                       As above.

 e)   Date of the transaction                                      24/10/2024

 f)   Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

 

Aggregated information

As above.

e)

 

Date of the transaction

 

24/10/2024

f)

 

Place of the transaction

 

London Stock Exchange, AIM Market (XLON)

 

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