Board Changes

RNS Number : 9088A

Pebble Beach Systems Group PLC

04 January 2018

 

Pebble Beach Systems Group plc (the "Company" or the "Group")

Board changes

Pebble Beach Systems Group plc, a leading global software business specialising in solutions for playout automation, and content serving customers in the broadcast markets, announces the following board changes.

Since completion of the sale of Vislink Communication Systems, the remaining trading entity, Pebble Beach Systems Limited, has been managed by Tom Gittins as CEO and Peter Mayhead as CFO and COO.

Following on from the previously announced Board decision to operate the Company as an independent entity, contingent on the ongoing support of its bank, the Board is delighted to announce the appointment of Peter Mayhead as Group CEO. Peter has been with Pebble Beach Systems Limited since 2013. He has significant experience of both the industry and the operations of the Company. Prior to this Peter was Chief Financial Officer at Pro-Bel Limited, a developer and supplier of infrastructure equipment, automation, and channel in a box technology for the broadcast industry, which merged with Snell & Wilcox in 2009.

John Varney, Non-Executive Chairman of the Company commented:

"The Board is delighted to welcome Peter to the Board as Group Chief Executive Officer. He has a wealth of knowledge on both the Company and the industry and the Board see his experience as crucial to the next phase of the Company.

As previously announced, Oliver Ellingham, Non-Executive Director, stepped down from the Board at the end of last year. The Board would like to thank Oliver for his many years of service to the Company as a Non-Executive Director."

John Varney will continue as Non-Executive Chairman and Robin Howe as Senior Independent Non-Executive Director.

Further appointments to the Board are expected in due course.

Peter Michael Mayhead, aged 45, was appointed to the Board on 1 January 2018 subject to routine due diligence which has since been completed.

The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:

Peter holds or held the following Directorships or Partnerships in the past 5 years:

Current Directorships/Partnerships	Past Directorships/Partnerships
Pebble Beach Systems Limited	THESTRATEGICPARTNERSHIP LLP

Peter currently holds 100,000 LTIP options over ordinary shares of 2.5 pence. These options have vested but have not been exercised. Peter holds no interest in the ordinary share capital, or other securities, of the Company.

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.

For further information please contact:

John Varney Non-Executive Chairman Pebble Beach Systems Group plc	[phone]
Shaun Dobson / James White N+1 Singer	[phone]

The Company is listed on the LSE AIM market (PEB.L).  More information can be found at www.pebbleplc.com.

About Pebble Beach Systems Limited 

Pebble Beach Systems Limited (Pebble) is a leading developer and supplier of automation, channel in a box, integrated and virtualised playout technology for TV broadcasters, service providers, and cable and satellite operators.  Founded in 2000 and headquartered in Weybridge, Surrey, Pebble has developed a portfolio of successful products which have the flexibility to support a wide range of broadcast applications with scalable products designed for highly efficient multichannel transmission as well as complex news and sports television. Installed in more than 70 countries and with proven systems ranging from single up to over 150 channels in operation, Pebble's international client base includes TV Globo Brazil, Fox News and Business channels USA, ZDF Germany, Orbit Showtime Network UAE, TV4 Sweden, TV2 Denmark, MTG UK, DMC in the Netherlands and AMC Networks Inc. USA. 

 

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