PEBBLE GROUP PLC - PEBBF STOCK NEWS

The Pebble Group PLC announced a notification of major holdings by BGF Investment Management and Pershing Securities As of May 8, 2024, BGF Investment Management holds 4.090% of voting rights in the company through direct ownership of 6,846,900 shares. The announcement signifies a change in the breakdown of voting rights and financial instruments within the company.

The Pebble Group PLC has announced the commencement of a share buyback programme for its Ordinary Shares, with an initial maximum aggregate consideration of £5.0m. The program aims to reduce the share capital of the Group, demonstrating confidence in future value, enhancing shareholder returns, and focusing on capital allocation. The purchases will be managed by Berenberg on the London Stock Exchange within set parameters, in accordance with regulatory requirements. The buyback will continue until the set conditions are met or by June 30, 2025, with all repurchased shares to be cancelled.

The Pebble Group PLC, a leading provider of technology, services, and products to the global promotional products industry, announced the successful passing of all resolutions in its 2024 Annual General Meeting. Shareholders voted in favor of various key resolutions, including the appointment of directors and auditors. The company reported 100% approval rates on most resolutions, highlighting strong support from shareholders.

The Pebble Group PLC provided an AGM trading update, maintaining financial performance consistent with the same period in 2023. Strategic progress continues with a share buy-back program planned. Key appointments have been made to strengthen management teams at Facilisgroup and Brand Addition. The company expects to issue its HY 2024 Results in September 2024.

The Pebble Group PLC announced a change in its Board of Directors, with Richard Law resigning as Chair and Non-Executive Director due to private sector commitments. The company assures shareholders that the change will not impact its operations. The CEO will temporarily take on the Chair role until a new independent Chair is appointed. The Board expresses gratitude to Richard Law for his contributions and looks forward to recruiting a new Chair to enhance shareholder value.

The Pebble Group plc announces the availability of its Annual Report and Accounts for the year ended 31 December 2023 and the Notice of its 2024 Annual General Meeting. The AGM will be held on Tuesday 30 April 2024, offering both in-person and virtual attendance options. Shareholders can view the documents on the Company's website and receive printed copies upon request.

The Pebble Group plc announces the grant of 3,009,191 Performance Shares under its Long Term Incentive Plan to senior employees, including PDMRs, with vesting conditional on meeting performance targets. The Performance Shares are based on Adjusted EPS and Total Shareholder Return targets over a three-year period. The Remuneration Committee has the discretion to adjust vesting levels if deemed necessary. The Company also disclosed transactions by PDMRs in compliance with EU Market Abuse Regulation No 596/2014.

BlackRock, Inc. notifies major holdings in The Pebble Group PLC, acquiring 12.50% of voting rights, totaling 20,942,568 shares. The notification was on 20/03/2024, with a previous position of 13.91%. BlackRock's chain of controlled undertakings is detailed.

The Pebble Group PLC announces audited full-year results for 2023, showing performance in line with revised expectations and well-placed for growth in 2024. Revenue declined by 7%, with Facilisgroup's revenue growing by 12% and Brand Addition's revenue decreasing by 9%. The company has a strong balance sheet with net cash of £15.9m and plans to increase dividends and implement a share buy-back program.