Pebble Group PLC (The) Establishment of an Employee Benefit Trust (2345W)
08 Décembre 2023 - 5:33PM
UK Regulatory
TIDMPEBB
RNS Number : 2345W
Pebble Group PLC (The)
08 December 2023
8 December 2023
THE PEBBLE GROUP PLC
("The Pebble Group", or the "Group")
AIM: PEBB, OTCQX: PEBBF
Establishment of an Employee Benefit Trust
and
Purchase of Shares
The Pebble Group, a leading provider of digital commerce,
products and related services to the global promotional products
industry, is pleased to announce it has established The Pebble
Group Employee Benefit Trust (the "EBT").
Further to the establishment of the EBT, the Group funded the
EBT by way of a gift and the Group received notification on 8
December 2023 from the EBT that the EBT had purchased a total of
716,195 ordinary shares of 1 pence each ("Ordinary Shares") at a
price of GBP0.55 per Ordinary Share on 8 December 2023.
The EBT is a discretionary trust, which has been established for
the benefit of employees and is administered by JTC Employer
Solutions Trustee Limited. The EBT will be funded by the Company by
way of either gift or loan. The Group may issue new Ordinary Shares
to be subscribed for by the EBT or the EBT may make market
purchases of Ordinary Shares to be held and used to satisfy the
future vesting of share or share option awards granted to
participants under the rules of The Pebble Group Long Term
Incentive Plan ("LTIP"). Any New Ordinary Shares will rank pari
passu with the Group's existing Ordinary Shares. The EBT has waived
its rights to dividends.
Following the transaction, a total of 716,195 Ordinary Shares
representing 0.43 per cent of the Group's total voting rights are
held in the EBT.
Enquiries:
The Pebble Group Temple Bar Advisory (Financial
Chris Lee, Chief Executive Officer PR)
Claire Thomson, Chief Financial Alex Child-Villiers
Officer William Barker / Sam Livingstone
+44 (0) 750 012 4121 +44 (0) 207 183 1190
pebble@templebaradvisory.com
Grant Thornton UK LLP (Nominated Berenberg (Corporate Broker)
Adviser) Ben Wright / Marie Moy / Mollie
Samantha Harrison / Harrison Clarke D'Arcy Rice
/ Ciara Donnelly +44 (0) 203 207 7800
+44 (0) 207 184 4384
About The Pebble Group plc
The Pebble Group is a provider of digital commerce, products and
related services to the global promotional products industry,
comprising two differentiated businesses, Facilisgroup and Brand
Addition, focused on specific areas of the promotional products
market. For further information, please visit
www.thepebblegroup.com .
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END
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