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LONDON - The Pebble Group PLC (LSE:PEBB), a prominent player in the promotional products industry, has announced the exercise of options by top executives Chris Lee and Claire Thomson. The transactions, which took place on February 7, involved the exercise of nil cost options under the company’s Long Term Incentive Plan (LTIP).
Chris Lee, the Chief Executive Officer, exercised 206,212 options, while Claire Thomson, the Chief Financial Officer, exercised 152,750 options. These options were converted into ordinary shares through the Pebble Group Employee Benefit Trust (EBT), avoiding the issuance of new shares. Post-transaction, the EBT holds 94,225 Ordinary Shares, representing 0.06% of the Group’s total voting rights.
Following the exercise of their options, both executives sold shares to cover personal tax liabilities. Lee sold 97,653 shares and Thomson sold 72,336 shares at a price of 45.25 pence per share. After these sales, Lee’s holding in the company amounts to 6,200,074 Ordinary Shares (3.8% of issued share capital), and Thomson’s holding is 2,987,657 Ordinary Shares (1.8% of issued share capital).
The shares acquired from the option exercises are subject to a two-year post-vesting holding period, indicating a commitment to the company’s future performance.
The Pebble Group, consisting of Facilisgroup and Brand Addition, provides technology, services, and products to the global promotional products market. The Group’s focus on digital commerce and related services has positioned it as a leader in its sector.
This information is based on a press release statement and reflects the latest financial activities of The Pebble Group’s executive management.
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