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PEBBLE GROUP PLC - PEBBF STOCK NEWS

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The Pebble Group PLC (PEBBF) is a leading provider of digital commerce, products, and related services to the global promotional products industry. The company, listed on AIM and OTCQX, has shown consistent financial performance year to date in line with expectations. Facilisgroup and Brand Addition, the two businesses under The Pebble Group, are progressing well with key strategic appointments to strengthen their management teams. Moreover, the company has initiated a share buy-back program to further enhance shareholder value.

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The Pebble Group PLC reports a notification of major interest in shares by Hanover Investors Management LLP through The Bank of New York Nominees Ltd. The transaction involved an increase in voting rights to 3.434% after acquiring additional shares on February 26, 2024.
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Liontrust Asset Management PLC discloses acquiring 20.878% voting rights in The Pebble Group PLC. The acquisition was notified on 15-Feb-2024, with a total of 33,187,609 voting rights held in the issuer.
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The Pebble Group Plc has announced a return of unallotted securities under the Sharesave Plans, with a balance of 852,107 at the end of the period. As at the date of the announcement, the company has 167,450,893 Ordinary Shares in issue, with no shares held in treasury. The figure of 167,450,893 Ordinary Shares represents the total voting rights in the Company. Enquiries can be directed to the Chief Executive Officer, Chris Lee, or the Chief Financial Officer, Claire Thomson, as well as the company's financial PR and corporate broker.
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The Pebble Group reports that the group's results for the year ending December 31, 2023, are expected to be in line with current market expectations. Group revenue is expected to be around £124m, generating Adjusted EBITDA of approximately £16m. Cash generation was slightly ahead of expectations, with Group net cash at £15.9m. Facilisgroup is delivering highly attractive profit margins, with EBITDA margins expected to be at around 50% for FY 23. Brand Addition revenue is expected to be approximately £106m, with increased gross margins compared to 2022. Both businesses remain strong financially, with a robust balance sheet and a clear strategic plan.
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The Pebble Group (Ticker: PEB) announced that David Moss, Independent Non-Executive Director, purchased 100,000 Ordinary Shares and has a beneficial interest in 0.06% of the issued share capital. The purchase was from participants in the Long Term Incentive Plan (LTIP), involving the exercise of 107,976 share options and the vesting of 195,582 Conditional Share Awards. The LTIP transactions were satisfied through existing Ordinary Shares held by The Pebble Group Employee Benefit Trust (EBT), with no new Ordinary Shares issued. The EBT will hold a total of 412,637 Ordinary Shares representing 0.25% of the Group's total voting rights.
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Pebble Group PLC (GB00BK71XP16) Notification of Major Holdings by Aegon Ltd. on December 21, 2023
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The Pebble Group PLC (AIM: PEBB) (OTCQX: PEBBF) has established The Pebble Group Employee Benefit Trust and purchased 716,195 ordinary shares at a price of £0.55 per share. The EBT is funded by the company and administered by JTC Employer Solutions Trustee Limited. The EBT may issue new shares or make market purchases to be used for future share or share option awards under The Pebble Group Long Term Incentive Plan.
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The Pebble Group PLC (PEBB) announced TR-1 notification of major holdings by Amati Global Investors Limited and Amati AIM IHT Portfolio Service, resulting in a 4.87% total voting rights in the company. The notification was made on November 24, 2023, and the resulting situation was a decrease from the previous notification of 5.05%.
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The Pebble Group (PEBB, PEBBF) expects a reduction in group revenues for FY 23, with Brand Addition experiencing lower order intake, resulting in an expected revenue of approximately £124m. However, Facilisgroup is expected to achieve revenue growth of approximately 10% to USD20.4m. The Group anticipates maintaining EBITDA margins close to FY 22, with a robust cash position and strong financial standing. The company remains strategically well-placed within its respective markets.
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The Pebble Group announces solid performance in H1 2023 with year-on-year growth. Revenue increased by 5% to £63.3m and operating profit increased by 6% to £3.3m. Adjusted EBITDA is up 12% to £7.5m. Gross profit margin increased by 4.3 percentage points to 42.8%. The Board expects FY 23 results to be in line with market expectations.
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FAQ

What does The Pebble Group PLC do?

The Pebble Group is a leading provider of digital commerce, products, and related services to the global promotional products industry.

How is the financial performance of The Pebble Group PLC year to date?

The company has delivered financial performance consistent with expectations, with Facilisgroup and Brand Addition progressing in line with market expectations.

What strategic progress has The Pebble Group PLC made?

The company has made key external appointments to strengthen the management teams at both of its businesses and has initiated a share buy-back program.

What are the key businesses of The Pebble Group PLC?

The Pebble Group comprises two businesses: Facilisgroup and Brand Addition, focused on specific areas of the promotional products market.

What is the share buy-back program initiated by The Pebble Group PLC?

The company has commenced a share buy-back program in its Ordinary Shares up to an initial maximum aggregate consideration of £5.0m to enhance shareholder value and reflect its confidence in the Group's future value.

Who are the key executives of The Pebble Group PLC?

Chris Lee serves as the Chief Executive Officer and Claire Thomson as the Chief Financial Officer of The Pebble Group.

Where is The Pebble Group PLC headquartered?

The company is headquartered in Manchester, UK, and provides its services globally to the promotional products industry.

What is the goal of the share buy-back program of The Pebble Group PLC?

The purpose of the Share Buyback Programme is to reduce the share capital of the Group and enhance shareholder returns.

How can shareholders stay informed about The Pebble Group PLC?

Shareholders can visit the company's website or refer to official stock exchange announcements for the latest updates and information.

What is the outlook for The Pebble Group PLC in 2024?

The Board sees attractive opportunities for both Facilisgroup and Brand Addition, remaining focused on executing the plan for 2024 and beyond.

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