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)

Marc Milmo / Teddy Whiley - Corporate Finance

 

+44 (0) 207 220 0500

 

 

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

Identification code

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

 

 

 

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)

 

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