Capital Reduction Update
Summary by AI BETAClose X
AIM: PEB
Pebble Beach Systems Group plc
("Pebble" or the "Company")
Update to Capital Reduction
Pebble, the global software provider of specialist automation solutions for the broadcast and streaming markets, is pleased to provide the following update to its announcement, dated 8 June 2026, in relation to the proposed Capital Reduction. The Company confirms that, on 28 July 2026, the Capital Reduction was confirmed by the High Court of Justice in England and Wales (the "Court"). The Capital Reduction will become effective upon registration of the Court Order and accompanying Statement of Capital by the Registrar of Companies in England and Wales, which is expected to be on or around 30 July 2026.
Accordingly, the Company has applied for the re-admission to trading on AIM of its issued share capital at the revised nominal value, comprising 126,603,134 ordinary shares of 0.5 pence per share ("Ordinary Shares"). Following Admission, expected to take place on or around 30 July 2026, the number of Ordinary Shares in issue remains unchanged at 126,603,134. The Company's ticker and ISIN also remain unchanged.
Defined terms within this announcement shall have the same meaning as the announcement dated 8 June 2026, unless specifically stated otherwise.
Enquiries:
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Pebble Beach Systems Group plc |
T: 075 55 59 36 02 |
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Peter Mayhead, Chief Executive Officer |
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Cavendish Capital Markets Limited (Nominated Adviser and Broker) |
T: 020 7220 0500 |
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Marc Milmo, Teddy Whiley (Corporate Finance) |
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Sunila de Silva - ECM |
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KTZ Communications |
T: 020 3178 6378 |
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Katie Tzouliadis, Robert Morton |
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About Pebble Beach Systems Group plc
Founded in 2000, Pebble Beach Systems (trading as Pebble) is a world leader in designing, delivering and supporting specialist automation, integrated channel and virtualised playout solutions. Its scalable products are designed for applications of all sizes.
Pebble has installed systems in over 70 countries, with installations ranging from single up to over 150 channels in operation, and around 2,000 channels are currently on air under the control of its automation technology. Its solutions are used by Tier 1 broadcasters and streaming companies, which is testimony to its industry-leading specialist technology.
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