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)
|