Director/PDMR Shareholding

RNS Number : 0173Z

Pebble Beach Systems Group PLC

18 May 2021

 

18 May 2021

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") has received a transfer in, on behalf of discretionary clients, of 9,704 ordinary shares of 2.5p each ("Ordinary Shares"). 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) 12,395,625 Shares in Pebble, and other clients of Kestrel, in which Mr. Errington has no beneficial interest now hold 24,699,608 Shares in Pebble. Following this transfer in, on a combined basis, Kestrel indirectly holds voting rights over 37,095,233 Shares in Pebble, which represents 29.77% per cent of Pebble's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

For further information please contact:

Peter Mayhead, Chief Executive David Dewhurst - Chief Financial Officer	[phone]
finnCap (Nominated Adviser and Broker ) Marc Milmo / Teddy Whiley - Corporate Finance	[phone]
Tim Redfern/Sunila de Silva - ECM

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	Chris Errington
2	Reason for the notification
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
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") GB0001482891
b)	Nature of the transaction	Transfer of Ordinary Shares into a Kestrel controlled fund. 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 volume(s)	Price(s)  Volume(s) N/A   9,704
d)	Aggregated information - Aggregated volume - Price	As above
e)	Date of the transaction	(i)  17 May 2021
f)	Place of the transaction	(i)  London Stock Exchange (XLON)

 

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