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 solutions for the broadcast and streaming service markets, announces that it has received notification that Kestrel Partners LLP ("Kestrel"), 24 June 2021, has received notification from one of their custodians of a transfer out, on behalf of discretionary clients, of 9,704 ordinary shares of 2.5p each ("Ordinary Shares") and that Kestrel has also separately transferred 224,000 Ordinary Shares between some of its discretionary clients.
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 continues to hold (and consequently Mr. Errington is deemed to have a beneficial interest in) 12,395,625 Shares, and other clients of Kestrel, in which Mr. Errington has no beneficial interest now hold 24,689,904 Shares. Following these transfers, on a combined basis, Kestrel indirectly holds voting rights over 37,085,529 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 shares | % of issued share capital |
| Indirect | Bank of New York Nominees Ltd | 12,395,625 | 9.95% |
| Indirect | JIM Nominees Limited | 2,546,000 | 2.04% |
| Indirect | Bank of New York Nominees Ltd | 22,143,904 | 17.77% |
For further information contact:
| For further information please contact:
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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
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| a)
| Name
| Chris Errington | ||||||
| 2
| Reason for the notification
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| 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
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| 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
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| a)
| Description of the financial instrument, type of instrument
Identification code
| 2.5p Ordinary Shares
ISIN: GB0001482891
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| b)
| Nature of the transaction
| Transfer of Shares out of a Kestrel controlled account and transfer 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.
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| c)
| Price(s) and volume(s)
Transfer out
Transfer between client accounts |
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| d)
| Aggregated information
- Aggregated volume
- Price
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As above
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| e)
| Date of the transaction
| 24/06/2021 | ||||||
| f)
| Place of the transaction
| London Stock Exchange | ||||||
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