REG - Pebble Beach Sys Grp - Director/PDMR Shareholding

Pebble Beach SystemsAnnouncement

04/11/2024 14:00

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RNS Number : 8575K  Pebble Beach Systems Group PLC  04 November 2024

04 November 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 01 November 2024, on
behalf of discretionary clients, 800,000 ordinary shares of 2.5p each
("Shares") at a price of £0.10 per share.

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 holds (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 16,088,904 Shares. Following these transfers, on a combined basis,
Kestrel indirectly holds voting rights over 30,785,529 Shares in Pebble, which
represents 24.71% 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  15,861,927     12.74%

 

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                                    Sale of Ordinary Shares.

 c)   Price(s) and volume(s)

1November 2024
                                                                   Price(s)  Volume(s)
                                                                   £0.10     800,000
 d)   Aggregated information                                       As above.

 e)   Date of the transaction                                      01/11/2024

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

d)

 

Aggregated information

As above.

e)

 

Date of the transaction

 

01/11/2024

f)

 

Place of the transaction

 

London Stock Exchange, AIM Market (XLON)

 

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