Pebble Beach Systems Group PLC Grant of Share Options (0334F)
16 Mars 2022 - 5:11PM
UK Regulatory
TIDMPEB
RNS Number : 0334F
Pebble Beach Systems Group PLC
16 March 2022
16 March 2022
Pebble Beach Systems Group plc
("Pebble" or the "Group")
Grant of Share Options
Pebble Beach Systems Group plc (AIM: PEB), a leading global
software business specialising in playout automation and content
management solutions for the broadcast and streaming service
markets, announces that the Group has today granted options over
ordinary shares of 2.5 pence each (the "Ordinary Shares") in the
Company (the "Options") to certain Directors at an exercise price
of 10.5p, being the closing price on 15 March 2022. The Options
granted to the Directors are as follows:
Director Title No. of Options granted Earliest Exercise Date Total Options Held
Peter Mayhead CEO 4,450,000 15 March 2027 6,550,000
David Dewhurst FD 2,000,000 15 March 2027 2,000,000
The Options today have been granted under the 2019 Share Option
Scheme, approved by shareholders on 23 May 2019. The options are
capable of vesting in three equal tranches vesting on the third,
fourth and fifth anniversaries from grant on achievement of
performance conditions. The vesting of each tranche will be subject
to a performance condition requiring 12.5% compound annual growth
in the Company's share price over each tranche's term (i.e. over 3,
4 and 5 years).
Following this announcement, there are a total of 10,426,666
options over Ordinary Shares, representing 8.4% of the current
issued share capital of the Company.
For further information please contact:
Peter Mayhead- CEO +44 (0) 75 55 59 36
David Dewhurst - CFO 02
finnCap Ltd (Nominated Adviser and Broker
)
Marc Milmo / Teddy Whiley - Corporate
Finance
Tim Redfern / Sunila de Silva - ECM +44 (0) 207 220 0500
The Company is listed on the LSE AIM market (PEB.L). More
information can be found at www.pebbleplc.com .
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Peter Mayhead
---------------------------------------- -----------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: Chief Executive Officer
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b) Initial notification/Amendment: Initial notification
---------------------------------------- -----------------------------
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 Options over Ordinary
instrument, type of instrument: Shares of 2.5 pence
Identification code: each
GB0001482891
---------------------------------------- -----------------------------
b) Nature of the transaction: Issue of Options
---------------------------------------- -----------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
N/A 4,450,000
----------
---------------------------------------- -----------------------------
d) Aggregated information: Single transaction as
-- Aggregated volume: in 4 c) above
-- Price:
---------------------------------------- -----------------------------
e) Date of the transaction: 16 March 2022
---------------------------------------- -----------------------------
f) Place of the transaction: Off market transaction
---------------------------------------- -----------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: David Dewhurst
---------------------------------------- -----------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: Chief Financial Officer
---------------------------------------- -----------------------------
b) Initial notification/Amendment: Initial notification
---------------------------------------- -----------------------------
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 Options over Ordinary
instrument, type of instrument: Shares of 2.5 pence
Identification code: each
GB0001482891
---------------------------------------- -----------------------------
b) Nature of the transaction: Issue of Options
---------------------------------------- -----------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
N/A 2,000,000
----------
---------------------------------------- -----------------------------
d) Aggregated information: Single transaction as
-- Aggregated volume: in 4 c) above
-- Price:
---------------------------------------- -----------------------------
e) Date of the transaction: 16 March 2022
---------------------------------------- -----------------------------
f) Place of the transaction: Off market transaction
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END
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