Pebble Beach Systems Group PLC Director/PDMR Shareholding (6786N)
24 January 2023 - 8:01PM
UK Regulatory
TIDMPEB
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:
+44 (0) 75 55 59
Peter Mayhead - CEO 36 02
finnCap (Nominated Adviser and
Broker )
Marc Milmo / Teddy Whiley - Corporate +44 (0) 207 220
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
DSHGCGDBGGDDGXS
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January 24, 2023 04:01 ET (09:01 GMT)
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