30
April 2024
THE PEBBLE GROUP
PLC
("The
Pebble Group", or the "Group")
AIM:
PEBB, OTCQX: PEBBF
AGM Trading Update and Notice
of Results
Trading in year to date
remains in line with expectations with continued strategic
progress
Share Buy-Back programme
planned to launch imminently
Ahead of the Annual General Meeting
("AGM"), which is being held later today, The Pebble
Group, a leading provider of digital commerce, products and
related services to the global promotional products industry,
announces the following Trading Update.
Year to date the Group has delivered
financial performance consistent with the same period in
2023 and whilst we remain early into the
current financial year, trading at
Facilisgroup and Brand Addition is progressing in line with the
delivery of Full Year 2024 market expectations.
At Facilisgroup, in the year to
date, Gross Merchandise Value and Preferred Supplier purchases are
ahead of the same prior year period.
At Brand Addition, orders year to
date are comparable to the same prior year period and gross margins
remain strong.
Alongside the day-to-day business
operations, we continue to pursue our stated strategic ambitions.
In support of this, we have made key external appointments to
strengthen the existing management teams at both of our businesses.
At Facilisgroup, we are pleased to have appointed our first Chief
Product Officer. This senior appointment brings new expertise to
the business, which will enhance delivery of our medium-term
strategy. At Brand Addition, we have appointed a Global Marketing
Director to evolve the businesses' approach to new client
acquisition alongside supporting the development of existing client
relationships.
In line with the announcement made on 19 March
2024, the Company is also pleased to report that arrangements are
now in place to initiate a share buy-back programme in the
Company's Ordinary Shares up to a maximum aggregate consideration
of £5.0m. Subject to resolution 15 (purchase of own ordinary
shares) as set out in the notice of today's AGM being successfully
passed, it is planned that the programme will be launched
imminently.
Outlook
Whilst we remain early into the
current financial year, trading at
Facilisgroup and Brand Addition is progressing in line with the
delivery of Full Year 2024 market expectations.
The Board continues to see
attractive opportunities for both Facilisgroup and Brand Addition
and we remain focused on executing our plan for 2024 and
beyond.
The Group expects to issue its HY
2024 Results in September 2024.
Enquiries:
The
Pebble Group
Chris Lee, Chief Executive
Officer
Claire Thomson, Chief Financial
Officer
+44 (0) 750 012 4121
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Temple Bar Advisory (Financial PR)
Alex Child-Villiers
Sam Livingstone
+44 (0) 207 183 1190
pebble@templebaradvisory.com
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Grant Thornton UK LLP (Nominated Adviser)
Samantha Harrison / Harrison Clarke
/ Ciara Donnelly
+44 (0) 207 184 4384
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Berenberg (Corporate
Broker)
Ben Wright / Mark Whitmore / Richard
Andrews
+44 (0) 203 207
7800
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About The Pebble Group plc - www.thepebblegroup.com
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.