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PEB Pebble Beach Systems Group Plc

10.50
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pebble Beach Systems Group Plc LSE:PEB London Ordinary Share GB0001482891 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.50 10.00 11.00 10.50 10.50 10.50 56,237 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radio, Tv Broadcast, Comm Eq 12.37M 1.53M 0.0123 8.54 13.07M

Pebble Beach Systems Group PLC Resolution of dispute with xG Technology Inc. (6608J)

06/12/2018 9:04am

UK Regulatory


Pebble Beach Systems (LSE:PEB)
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RNS Number : 6608J

Pebble Beach Systems Group PLC

06 December 2018

Pebble Beach Systems Group plc (the "Company" or the "Group")

Resolution of dispute with xG Technology Inc.

The Board are pleased to report that following negotiations, a resolution has been reached with xG Technology Inc. (xG) which concludes the ongoing dispute, last reported in our 2018 half year results.

The formal process to recover sums from xG has now been concluded and a mutual release signed to ensure no further liabilities are due by either party.

There is no material change to the Board's forecast of cash balances as a result of this resolution.

For further information please contact:

 
John Varney 
 Non-Executive Chairman 
 Pebble Beach Systems Group plc   +44 (0) 75 55 59 36 02 
 
 
Shaun Dobson / James White 
 N+1 Singer                       +44 (0) 20 74 96 30 00 
 

The Company is listed on the LSE AIM market (PEB.L). More information can be found at www.pebbleplc.com.

About Pebble Beach Systems Limited

Pebble Beach Systems Limited (Pebble) is a leading developer and supplier of automation, channel in a box, integrated and virtualised playout technology for TV broadcasters, service providers, and cable and satellite operators. Founded in 2000 and headquartered in Weybridge, Surrey, Pebble has developed a portfolio of successful products which have the flexibility to support a wide range of broadcast applications with scalable products designed for highly efficient multichannel transmission as well as complex news and sports television. Installed in more than 70 countries and with proven systems ranging from single up to over 150 channels in operation, Pebble's international client base includes TV Globo Brazil, Fox News and Business channels USA, ZDF Germany, Orbit Showtime Network UAE, TV4 Sweden, TV2 Denmark, MTG UK, DMC in the Netherlands and AMC Networks Inc. USA.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

December 06, 2018 04:04 ET (09:04 GMT)

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