17th Jun 2025 13:22
Pebble Beach Systems Group plc
(the "Company" or the "Group")
Director/PDMR Shareholding
Pebble Beach Systems Group plc ("Pebble" or the "Company"), a leading global software business specialising in playout automation and integrated channel solutions for the broadcast and streaming service markets, announces that it received notification from Chris Errington, Non-Executive Director, of the following transfers, all of which took place on 13 June 2025 at a price of 5.49p per share.
Mr. Errington is a partner of, and holds a beneficial interest in, Kestrel Partners LLP ("Kestrel").
Kestrel transferred 30,558,552 ordinary shares of 2.5p each in Pebble ("Shares") held by certain Kestrel clients to certain other Kestrel clients. As part of this transaction, Kestrel Opportunities ("KOF") transferred its entire holding of 14,696,625 Shares. Mr Errington is a shareholder in Kestrel Opportunities and is therefore deemed to have had an indirect beneficial in KOF's entire legal holding in Pebble. Following this transfer Mr Errington will no longer have any indirect beneficial interest in Pebble via KOF. However, Mr Errington now has a direct beneficial interest in one of the Kestrel clients, Kestrel KAPPA Investments Ltd , that is receiving 818,058 Shares in Pebble.
Following these transfers, on a combined basis, Kestrel's interest in Pebble remains unchanged and it continues to control voting rights over 30,785,529 Shares, representing 24.71% per cent of the Company's issued share capital.
Following the transfers described above, Kestrel's voting rights over the Shares of the Company are held through the following nominees:
Holding type | Nominee | No. of shares | % of issued share capital |
Indirect | APEX Group Nominees | 29,740,494 | 23.87% |
Direct | APEX Group Nominees | 818,058 | 0.66% |
Indirect | Bank of New York Nominees Ltd | 226,977 | 0.18% |
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
| Chris Errington | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| PCA - Kestrel Partners LLP are a PCA of Christopher Errington (non-executive director of Pebble Beach Systems Group plc and Partner in Kestrel) | ||||||
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
| 2.5p Ordinary Shares
ISIN: GB0001482891
| ||||||
b)
| Nature of the transaction
| Transfer between certain Kestrel clients. | ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | As above.
| ||||||
e)
| Date of the transaction
| 13/06/2025 | ||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||
Related Shares:
Pebble Beach