Grant of performance share awards (LTIP) to PDMRs

8 June 2021

THE PEBBLE GROUP PLC

(the "Company")

Grant of performance share awards under Long Term Incentive Plan 2019
and
Notification of transactions by PDMRs

The Pebble Group plc (AIM: PEBB), a leading provider of technology, services and products to the global promotional products industry, announces that on 8 June 2021 the Company made awards of 960,510 nil cost options ("Performance Shares") under The Pebble Group plc Long Term Incentive Plan 2019 ("LTIP") to a number of senior employees across the Group, including to the Persons Discharging Managerial Responsibilities as detailed below ("PDMR"):

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 Target

Up to 70% of the total LTIP awards will vest on the achievement of total adjusted earnings per share ("EPS") for the three years ending 31 December 2023, 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 2023. The share price at the start of this period was 130p.

A holding period of two years from date of vesting is applicable to the LTIP awards granted to the Executive Directors of the Company, consistent with the awards granted under the LTIP in December 2020.

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, and as outlined in the Annual Report and Accounts 2020.

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 Target 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 plc - www.thepebblegroup.com 

The Pebble Group is a provider of technology, services and products to the global promotional products industry, comprising two differentiated businesses, focused on specific areas of the promotional products market:

Facilisgroup - www.facilisgroup.com

Facilisgroup focuses on supporting the growth of mid-sized Promotional Product businesses in North America by providing a technology platform, which enables those businesses to benefit from significant business efficiency and gain meaningful supply chain advantage from the ability to purchase from quality suppliers under preferred terms.

Brand Addition - www.brandaddition.com

Brand Addition focuses upon providing promotional products and related services under contract to some of the world's most recognisable brands. Its largest contracts are valued in the millions of pounds with the products and services supplied being used for brand building, customer engagement and employee rewards. Working in close collaboration with its clients, Brand Addition designs products and product ranges, hosts client-branded global web stores and provides international sourcing and distribution solutions.

We categorise our revenues into two divisions, Corporate Programmes, that supports our clients' general marketing activities, and Consumer Promotions, that supports our clients in driving their own sales volumes.