The Pebble Group PLC Announces Establishment of an Employee Benefit Trust

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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.

Establishment of an Employee Benefit Trust and Purchase of Shares

MANCHESTER, UK / ACCESSWIRE / December 8, 2023 / THE PEBBLE GROUP PLC ("The Pebble Group", or the "Group") (AIM:PEBB)(OTCQX:PEBBF) 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 £0.55 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 Chris Lee, Chief Executive Officer Claire Thomson, Chief Financial Officer +44 (0) 750 012 4121	Temple Bar Advisory (Financial PR) Alex Child-Villiers William Barker / Sam Livingstone +44 (0) 207 183 1190 pebble@templebaradvisory.com
Grant Thornton UK LLP (Nominated Adviser) Samantha Harrison / Harrison Clarke / Ciara Donnelly +44 (0) 207 184 4384	Berenberg (Corporate Broker) Ben Wright / Marie Moy / Mollie D'Arcy Rice +44 (0) 203 207 7800

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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SOURCE: The Pebble Group PLC

View the original press release on accesswire.com

FAQ

What is the purpose of The Pebble Group Employee Benefit Trust?

The EBT has been established for the benefit of employees and may be funded by the company through gifts or loans.

Who administers The Pebble Group Employee Benefit Trust?

The EBT is administered by JTC Employer Solutions Trustee Limited.

How many ordinary shares did The Pebble Group purchase?

The Group purchased 716,195 ordinary shares at a price of £0.55 per share.

What is The Pebble Group Long Term Incentive Plan (LTIP)?

The LTIP is a plan under which future share or share option awards may be granted to participants.

What percentage of the Group's total voting rights are held in the EBT?

The EBT holds 0.43% of the Group's total voting rights.

Who are the contacts for enquiries related to The Pebble Group?

For enquiries, you can contact Chris Lee, Chief Executive Officer, and Claire Thomson, Chief Financial Officer at +44 (0) 750 012 4121, or reach out to Temple Bar Advisory, Grant Thornton UK LLP, or Berenberg for financial and advisory assistance.