TIDMPEB

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     Nominee                      No. of shares   % of issued share 
  type                                                     capital 
             Bank of New York Nominees 
 Indirect     Ltd                            12,395,625               9.95% 
            ---------------------------  --------------  ------------------ 
 Indirect    JIM Nominees Limited             2,546,000               2.04% 
            ---------------------------  --------------  ------------------ 
             Bank of New York Nominees 
 Indirect     Ltd                            22,143,904              17.77% 
            ---------------------------  --------------  ------------------ 
 

For further information contact:

 
  For further information please contact: 
    Peter Mayhead, Chief Executive                    +44 (0) 75 55 59 
     David Dewhurst - Chief Financial Officer          36 02 
 
 
     finnCap (Nominated Adviser and Broker )           +44 (0) 207 220 
     Marc Milmo / Teddy Whiley - Corporate Finance     0500 
 
     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     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         ISIN: GB0001482891 
       instrument, 
       type of instrument 
 
       Identification 
       code 
     -----------------------  ------------------------------------------------- 
 b)   Nature of the            Transfer of Shares out of a Kestrel controlled 
       transaction              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              Price(s)     Volume(s) 
       volume(s)                 N/A          9,704 Ordinary Shares 
                                             ---------------------- 
       Transfer out              GBP 0.1075   224,000 Ordinary 
                                               Shares 
       Transfer between                      ---------------------- 
       client accounts 
     -----------------------  ------------------------------------------------- 
 d)   Aggregated information    As above 
 
 
       - Aggregated 
       volume 
 
 
       - Price 
     -----------------------  ------------------------------------------------- 
 e)   Date of the              24/06/2021 
       transaction 
     -----------------------  ------------------------------------------------- 
 f)   Place of the             London Stock Exchange 
       transaction 
     -----------------------  ------------------------------------------------- 
 

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END

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June 25, 2021 10:08 ET (14:08 GMT)

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