Director/PDMR Shareholding
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:
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 | 15,861,927 | 12.74% |
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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
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a)
| Name
| Kestrel Partners LLP
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2
| Reason for the notification
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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
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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
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a)
| 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)
| Nature of the transaction
| Sale of Ordinary Shares. | ||||||
c)
| Price(s) and volume(s) |
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d)
| Aggregated information | As above. | ||||||
e)
| Date of the transaction
| 01/11/2024 | ||||||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | ||||||
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