Company Announcements

UPDATED TIMETABLE FOR AUDITED RESULTS AND BOARD CHANGES

Pebble Beach Systems Group plc

UPDATED TIMETABLE FOR AUDITED RESULTS

Pebble Beach Systems Group plc (AIM: "PEB", "Pebble" or the "Group"), a leading global software business specialising in playout automation and content management solutions for the broadcast and streaming service markets, are pleased to confirm that the Group will release its final results on 30 April 2020. This follows the previous announcement on 24 March 2020 that due to the current crisis with Covid-19 and following discussions with its auditors in light of recent regulatory guidance, the Group's results for the full year to 31 December 2019 would be delayed.

BOARD CHANGES

Robin Howe, Senior Independent Non-Executive Director has notified the Board of his intention to stand down at the close of the next AGM. Robin has been with the Group for 14 years and has provided invaluable support and consistency throughout his tenure.

The Board are delighted to announce that Richard Logan will be appointed to the Board as a Non-Executive Director, effective 1 May 2020. Richard has had a highly successful career both in private companies and public companies, most recently serving as Chief Financial Officer at Iomart Group PLC a cloud computing company quoted on AIM, from 2006 until his retirement in 2018. Richard helped grow Iomart from a breakeven, £20 million revenue company to a quoted business with over the £100 million in revenue and adjusted EBITDA of £40 million. Whilst at Iomart, Richard oversaw 19 acquisitions, the full finance function along with the PLC corporate governance functions. Richard's experience and knowledge of the sector and public markets will be invaluable to the Group's future. Richard Logan will become Audit Committee Chairman once Robin Howe steps down from the Board.

Commenting on the Board Changes, John Varney, Non-Executive Chairman, said:

"I am delighted that Richard Logan has agreed to join the Board of the Group. His previous roles within the industry will bring a valuable level of experience to the Board.

I would particularly like to thank Robin Howe for his considerable and invaluable contribution to the Group over the last 14 years. He has been an outstanding SID, helping shape the role of the Board in recent times and has been an engaged mentor for senior members of the Company over many years. We wish Robin every success in his future endeavors."

For further information please contact:

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

About Pebble Beach Systems

Pebble Beach Systems is a world leader in automation, channel in a box, integrated and virtualised playout technology, 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 Beach Systems offers open, flexible systems, which encompass ingest and playout automation, and complex file-based workflows. The Company trades in the US as Pebble Broadcast Systems. 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

The following information is disclosed in accordance with Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies.

Richard Strachan Logan, 62, holds nil ordinary shares in the Company and nil options. Mr. Logan current and previous directorships are as follows:

Richard was previously a director of TelesensKSCL AG, the Company was put into compulsory liquidation in June 2002.