Director/PDMR Shareholding

Pebble Beach Systems Group PLC

04 November 2024

 

04 November 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 01 November 2024, on behalf of discretionary clients, 800,000 ordinary shares of 2.5p each ("Shares") at a price of £0.10 per share.

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 holds (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 16,088,904 Shares. Following these transfers, on a combined basis, Kestrel indirectly holds voting rights over 30,785,529 Shares in Pebble, which represents 24.71% 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	15,861,927	12.74%

For further information contact:

For further information please contact: Peter Mayhead, Chief Executive [phone] Cavendish Capital Markets Limited (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	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	Sale of Ordinary Shares.
c)	Price(s) and volume(s)	1 November 2024 Price(s) Volume(s) £0.10 800,000
d)	Aggregated information	As above.
e)	Date of the transaction	01/11/2024
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

END