REG - Pebble Beach Sys Grp - Grant of Share Options

Pebble Beach SystemsAnnouncement

16/03/2022 16:15

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RNS Number : 0334F  Pebble Beach Systems Group PLC  16 March 2022

16 March 2022

Pebble Beach Systems Group plc

("Pebble" or the "Group")

 

Grant of Share Options

 

Pebble Beach Systems Group plc (AIM: PEB), a leading global software business
specialising in playout automation and content management solutions for the
broadcast and streaming service markets, announces that the Group has today
granted options over ordinary shares of 2.5 pence each (the "Ordinary Shares")
in the Company (the "Options") to certain Directors at an exercise price of
10.5p, being the closing price on 15 March 2022. The Options granted to the
Directors are as follows:

 

 Director        Title  No. of Options granted  Earliest Exercise Date  Total Options Held
 Peter Mayhead   CEO    4,450,000               15 March 2027           6,550,000
 David Dewhurst  FD     2,000,000               15 March 2027           2,000,000

 

The Options today have been granted under the 2019 Share Option Scheme,
approved by shareholders on 23 May 2019. The options are capable of vesting in
three equal tranches vesting on the third, fourth and fifth anniversaries from
grant on achievement of performance conditions. The vesting of each tranche
will be subject to a performance condition requiring 12.5% compound annual
growth in the Company's share price over each tranche's term (i.e. over 3, 4
and 5 years).

Following this announcement, there are a total of 10,426,666 options over
Ordinary Shares, representing 8.4% of the current issued share capital of the
Company.

For further information please contact:

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

 David Dewhurst - CFO

 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/) .

 1.            Details of the person discharging managerial responsibilities/person closely
               associated
 a)            Name:                                                         Peter Mayhead
 2.            Reason for the notification
 a)            Position/status:                                              Chief Executive Officer
 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:  Options over Ordinary Shares of 2.5 pence each

               Identification code:

                                                                             GB0001482891
 b)            Nature of the transaction:                                    Issue of Options
 c)            Price(s) and volume(s):

Price(s)  Volume(s)
                                                                             N/A       4,450,000

 
 d)            Aggregated information:                                       Single transaction as in 4 c) above

               ·      Aggregated volume:

               ·      Price:
 e)            Date of the transaction:                                      16 March 2022
 f)            Place of the transaction:                                     Off market transaction

 

d)

Aggregated information:

·      Aggregated volume:

·      Price:

Single transaction as in 4 c) above

 

e)

Date of the transaction:

16 March 2022

f)

Place of the transaction:

Off market transaction

 

 1.            Details of the person discharging managerial responsibilities/person closely
               associated
 a)            Name:                                                         David Dewhurst
 2.            Reason for the notification
 a)            Position/status:                                              Chief Financial Officer
 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:  Options over Ordinary Shares of 2.5 pence each

               Identification code:

                                                                             GB0001482891
 b)            Nature of the transaction:                                    Issue of Options
 c)            Price(s) and volume(s):

Price(s)  Volume(s)
                                                                             N/A       2,000,000

 
 d)            Aggregated information:                                       Single transaction as in 4 c) above

               ·      Aggregated volume:

               ·      Price:
 e)            Date of the transaction:                                      16 March 2022
 f)            Place of the transaction:                                     Off market transaction

 

d)

Aggregated information:

·      Aggregated volume:

·      Price:

Single transaction as in 4 c) above

 

e)

Date of the transaction:

16 March 2022

f)

Place of the transaction:

Off market transaction

 

 

 

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