Director/PDMR Shareholding
Updated : 17:30
25 October 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 behalf of discretionary clients, 5,500,000 ordinary shares of 2.5p each ("Shares") on 24 October 2024.
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 continues to hold (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 16,888,904 Shares. Following these transfers, on a combined basis, Kestrel indirectly holds voting rights over 31,585,529 Shares in Pebble, which represents 25.35% 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 | 16,661,927 | 13.38% |
For further information contact:
For further information please contact:
| |||||||||
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
| Purchase of Ordinary Shares. | |||||
c)
| Price(s) and volume(s) |
| |||||
d)
| Aggregated information | As above. | |||||
e)
| Date of the transaction
| 24/10/2024 | |||||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.