Director/PDMR Shareholding

RNS Number : 2105D

Pebble Beach Systems Group PLC

25 June 2021

 

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 solutions for the broadcast and streaming service markets, announces that it has received notification that Kestrel Partners LLP ("Kestrel"), 24 June 2021, has received notification from one of their custodians of a transfer out, on behalf of discretionary clients, of 9,704 ordinary shares of 2.5p each ("Ordinary Shares") and that Kestrel has also separately transferred 224,000 Ordinary Shares between some of its discretionary clients.

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 continues to hold (and consequently Mr. Errington is deemed to have a beneficial interest in) 12,395,625 Shares, and other clients of Kestrel, in which Mr. Errington has no beneficial interest now hold 24,689,904 Shares. Following these transfers, on a combined basis, Kestrel indirectly holds voting rights over 37,085,529 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 type	Nominee	No. of shares	% of issued share capital
Indirect	Bank of New York Nominees Ltd	12,395,625	9.95%
Indirect	JIM Nominees Limited	2,546,000	2.04%
Indirect	Bank of New York Nominees Ltd	22,143,904	17.77%

For further information contact:

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

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	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	2.5p Ordinary Shares ISIN: GB0001482891
b)	Nature of the transaction	Transfer of Shares out of a Kestrel controlled account and transfer between Kestrel 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 volume(s) Transfer out Transfer between client accounts	Price(s) Volume(s) N/A 9,704 Ordinary Shares GBP 0.1075  224,000 Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	As above
e)	Date of the transaction	24/06/2021
f)	Place of the transaction	London Stock Exchange

 

END

 

 

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