8 August 2025
THE PEBBLE GROUP PLC
("The Pebble Group", the "Group" or the "Company")
Result of Tender Offer
Following the close of the Tender Offer at 1.00 p.m. (UK time) on 7 August 2025, The Pebble Group, a leading provider of technology, products and related services to the global promotional products industry, is pleased to announce the result of the Tender Offer, details of which were set out in the circular published by the Company on 21 July 2025 (the "Circular").
The maximum aggregate number of Ordinary Shares that could be purchased pursuant to the Tender Offer was 10,655,737 Ordinary Shares, representing approximately 6.69 per cent. of the Company's issued share capital as at the Tender Offer Record Time. The Tender Price was 61 pence per Ordinary Share.
In total, 9,208,353 Ordinary Shares were validly tendered under the Tender Offer through Individual Basic Entitlements for Qualifying Shareholders with the balance available filled through excess applications received. As such, the total number of Ordinary Shares being acquired by the Company is the maximum of 10,655,737 Ordinary Shares. All valid tenders were satisfied in full pursuant to their Individual Basic Entitlement (rounded down to the nearest whole number of Ordinary Shares) and excess applications were satisfied based on a percentage proportion of the total excess tenders received, with 1,447,384 Ordinary Shares accepted pursuant to excess tenders.
Total Voting Rights
As detailed in the Circular, the 10,655,737 Ordinary Shares that were successfully tendered will be cancelled. Following the conclusion of the Tender Offer, the remaining number of Ordinary Shares in issue will be 148,714,709. The Company holds no Ordinary Shares in treasury. Therefore, the total voting rights in the Group will be 148,714,709. This figure for the total number of voting rights may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Unless otherwise defined in this announcement, capitalised terms used in this announcement will have the same meaning given to them in the Circular.
Enquiries:
The Pebble Group
Christopher Lee, Chief Executive Officer
Claire Thomson, Chief Financial Officer
+44 (0) 7385 024855
Temple Bar Advisory (Financial PR)
Alex Child-Villiers
Alistair de Kare-Silver
+44 (0) 207 183 1190
Panmure Liberum (Nominated Adviser and Broker)
Edward Mansfield
William King
Gaya Bhatt
+44 (0) 20 3100 2000
About The Pebble Group
The Pebble Group is a provider of technology, 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 .
Forward Looking Statements
This announcement contains forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. They are based only on Pebble's current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, such statements are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Pebble's control. You should not rely on any of these forward-looking statements.
Important Notice
The offer period for the Tender Offer has now expired. No further tenders of any Ordinary Shares may be made pursuant to the Tender Offer. This announcement is not intended to, and does not constitute, or form part of, any offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. This announcement must be read in conjunction with the Circular.
This announcement and the Circular contain important information which should be read carefully. If any Shareholder is in any doubt as to the contents of this announcement and/or the Circular or the action it should take, it is recommended to seek its own financial and legal advice, including in respect of any tax consequences, immediately from its broker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser.
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