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RNS Number : 8688A

Pebble Beach Systems Group PLC

05 October 2020

Pebble Beach Systems Group plc

Appointment of Chief Finance Officer

Pebble Beach Systems Group plc, a leading global software business specialising in playout automation and content management solutions for the broadcast and streaming service markets, is delighted to announce that David Dewhurst will join the Board as Chief Finance Officer with immediate effect.

David spent a large part of his career, from 1999 to 2013, as Group Finance Director with Next Fifteen Communications Group plc, an AIM listed international digital marketing group which, during his tenure, grew from GBP23 million to GBP100 million in revenues. David played a vital role in the growth of the business both organically and through M&A, supporting its international expansion in Europe, Asia and North America.

From 2014 to 2018 David was Chief Financial Officer of PTS Consulting Group Ltd, a VC-backed IT consulting business with revenues of c.GBP42 million. There, he helped turn the business around with a GBP1.5 million improvement in EBITDA.

Most recently, David has been Group Finance Director to Smyle Creative Group Ltd, a PE-backed creative events business with GBP27 million revenue, later transitioning to board consultant. Here David secured GBP1 million in new funding to complete vital infrastructure investments critical to long term growth, and generated GBP1 million in cash by streamlining working capital processes.

Pebble Beach Systems Group CEO, Peter Mayhead commented "I am excited to work with David on shaping our M&A strategy and further cementing the Group's strong position on the market".

Commenting on David's appointment, John Varney, Non-Executive Chairman said, "David's contribution to the Board's forward planning, securing investment and integrating acquisitions will be invaluable to the Group going forward as we continue to execute our strategy to drive growth and efficiencies".

The following information regarding the appointment of David Mark Dewhurst (aged 57) is required to be disclosed under Schedule 2(g) of the AIM Rules for Companies:

 
 Current directorships   Former directorships and/or partnerships 
  and/or partnerships     (within the last five years) 
 N/A                     Smyle Creative Group Limited 
                          Smyle Creative Limited 
                          PTS Consulting Group Limited 
                          Partnership Education Limited 
                          PTS Consulting (UK) Limited 
                          PTS Consulting Partners LLP 
                          PTS Resourcing LLP 
 

There are no further disclosures to be made under Schedule 2(g) of the AIM Rules for Companies.

The information communicated in this announcement is inside information for the purposes of Article 7 of EU Regulation 596/2014

For further information please contact:

 
                                                   +44 (0) 75 55 59 
 Peter Mayhead- Chief Executive                     36 02 
 finnCap (Nominated Adviser and Broker ) 
  Marc Milmo / Teddy Whiley - Corporate Finance      +44 (0) 207 220 0500 
 Tim Redfern - ECM 
 

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October 05, 2020 02:00 ET (06:00 GMT)