Pebble Beach Systems Group PLC Director/PDMR Shareholding (6786N)

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RNS Number : 6786N

Pebble Beach Systems Group PLC

24 January 2023

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 and IP Control solutions for the broadcast and streaming service markets, announces that on 23 January 2023 it received notification from Kestrel Partners LLP ("Kestrel") that it has transferred 2,301,000 ordinary shares of 2.5p each ("Ordinary Shares") from one of its discretionary clients to another.

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 hold (and consequently Mr. Errington is deemed to have a beneficial interest in) 14,696,625 Ordinary Shares, and other clients of Kestrel, in which Mr. Errington has no beneficial interest now hold 22,388,904 Ordinary Shares. Following these transfers, on a combined basis, Kestrel continues to indirectly hold voting rights over 37,085,529 Ordinary 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    Nominee                      No. of Ordinary   % of issued share 
   type                                    Shares            capital 
             Bank of New York Nominees 
 Indirect     Ltd                              14,696,625              11.79% 
            ---------------------------  ----------------  ------------------ 
 Indirect    JIM Nominees Limited                 245,000               0.20% 
            ---------------------------  ----------------  ------------------ 
             Bank of New York Nominees 
 Indirect     Ltd                              22,143,904              17.77% 
            ---------------------------  ----------------  ------------------ 
 

For further information please contact:

 
 
                                            [phone] 
   Peter Mayhead - CEO                      36 02 
 finnCap (Nominated Adviser and 
  Broker ) 
  Marc Milmo / Teddy Whiley - Corporate      [phone] 
  Finance                                    0500 
 Tim Redfern/Sunila de Silva - 
  ECM 
 

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

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                   C hris Errington 
     ---------------------  -------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status        Non-Executive Director 
     ---------------------  -------------------------------------------------- 
 b)   Initial notification   Initial Notification 
       /Amendment 
     ---------------------  -------------------------------------------------- 
 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            2.5p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument 
                              ISIN: GB0001482891 
       Identification 
       code 
     ---------------------  -------------------------------------------------- 
 b)   Nature of              Transfer of Ordinary Shares between Kestrel 
       the transaction        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. 
     ---------------------  -------------------------------------------------- 
 c)   Price(s) and            Price(s)   Volume(s) 
       volume(s)               GBP 0.08   2,301,000 Ordinary 
                                           Shares 
       Transfer between                  ------------------- 
       client accounts 
     ---------------------  -------------------------------------------------- 
 d)   Aggregated 
       information             As above 
 
 
       - Aggregated 
       volume 
 
 
       - Price 
     ---------------------  -------------------------------------------------- 
 e)   Date of the            23/01/2023 
       transaction 
     ---------------------  -------------------------------------------------- 
 f)   Place of the           London Stock Exchange 
       transaction 
     ---------------------  -------------------------------------------------- 
 

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END

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January 24, 2023 04:01 ET (09:01 GMT)