18 May 2021
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") has received a transfer in, on behalf of discretionary clients, of 9,704 ordinary shares of 2.5p each ("Ordinary Shares"). 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) 12,395,625 Shares in Pebble, and other clients of Kestrel, in which Mr. Errington has no beneficial interest now hold 24,699,608 Shares in Pebble. Following this transfer in, on a combined basis, Kestrel indirectly holds voting rights over 37,095,233 Shares in Pebble, which represents 29.77% per cent of Pebble's issued share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
For further information please contact:
| Peter Mayhead, Chief Executive David Dewhurst - Chief Financial Officer | +44 (0) 75 55 59 36 02
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| | |
| finnCap (Nominated Adviser and Broker) Marc Milmo / Teddy Whiley - Corporate Finance |
+44 (0) 207 220 0500
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| Tim Redfern/Sunila de Silva - ECM | |
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 Identification code | Ordinary shares of 2.5 pence each ("Ordinary Shares")
GB0001482891 | ||||
| b) | Nature of the transaction | Transfer of Ordinary Shares into a Kestrel controlled fund. 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.
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| c)
| Price(s) and volume(s)
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| ||||
| d)
| Aggregated information - Aggregated volume - Price |
As above | ||||
| e)
| Date of the transaction | (i) 17 May 2021 | ||||
| f) | Place of the transaction | (i) London Stock Exchange (XLON) | ||||
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