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:
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Holding type |
Nominee |
No. of shares |
% of issued share capital |
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Indirect |
Bank of New York Nominees Ltd |
14,696,625 |
11.79% |
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Indirect |
JIM Nominees Limited |
226,977 |
0.18% |
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Indirect |
Bank of New York Nominees Ltd |
15,861,927 |
12.74% |
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For further information contact:
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For further information please contact:
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ANNEX
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Kestrel Partners LLP
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2
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Reason for the notification
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a)
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Position/status
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PCA - Christopher Errington (non-executive director) |
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b)
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Initial notification /Amendment |
Initial |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name |
Pebble Beach Systems Group plc |
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b)
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LEI |
2138006Q5EZTDJMIBM38 |
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4
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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
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 2.5 pence each ("Ordinary Shares")
ISIN: GB0001482891
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b)
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Nature of the transaction
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Sale of Ordinary Shares. |
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c)
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Price(s) and volume(s) |
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d)
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Aggregated information |
As above. |
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e)
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Date of the transaction
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01/11/2024 |
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f)
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Place of the transaction
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London Stock Exchange, AIM Market (XLON) |
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