26 March 2024

THE PEBBLE GROUP PLC

(the "Company")

Grant of performance share awards under Long Term Incentive Plan
and
Notification of transactions by PDMRs

The Pebble Group plc (AIM: PEBB, OTCQX: PEBBF), a leading provider of technology, services and products to the global promotional products industry, announces that on 26 March 2024 the Company made awards of 3,009,191 in the form of nil cost options or conditional share awards (Performance Shares) under The Pebble Group plc Long Term Incentive Plan (LTIP) to a number of senior employees across the Group, including to the Persons Discharging Managerial Responsibilities (PDMR), as detailed below:

The vesting of all the Performance Shares is conditional on meeting performance conditions measured over a three-year period as described below.

Performance conditions

1. Adjusted Earnings Per Share ("EPS") Target[1]

Up to 70% of the total Performance Shares will vest dependent upon the achievement of cumulative adjusted EPS targets for the three years ending 31 December 2026, determined as follows:

2. Total Shareholder Return ("TSR") Target

Up to 30% of the total Performance Shares will vest dependent upon the performance of the Company's Absolute TSR measured over the three year period ending 31 December 2026.  The share price at the start of this period was 60.2pence, being the average closing price of the Company's shares over the three trading days ending on the day before the start of the performance period.

A holding period of two years from date of vesting is applicable to the LTIP awards granted to the Executive Directors of the Company.

The making of these awards at these levels and with these performance conditions is considered by the Remuneration Committee to be in accordance with the Company's Remuneration Policy with regard to the Executive Directors.

The Remuneration Committee has discretion to adjust the level of vesting if in its opinion such level of vesting resulting from the application of the performance conditions is considered not to be a fair and accurate reflection of the performance of the Company or a fair and accurate reflection of the award holder's performance or where there is any other factor or any other circumstances which would make the level of vesting inappropriate without adjustment.

The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014: 

Enquiries: 

About The Pebble Group

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.