Source - Alliance News

Pebble Beach Systems Group PLC - Weybridge, England-based firm provides content management software for broadcasters and video streaming services - Says Chief Financial Officer David Dewhurst has resigned with immediate effect. Says Dewhurst will not be replaced for the foreseeable future, and the finance function will report to the chief executive officer as before.

CEO Peter Mayhead says: ‘David joined Pebble in 2020 to support our growth strategy, including exploring funding opportunities and M&A strategy. However, it has become clear that the current economic environment is not conducive to any significant fundraising and therefore we agreed that Pebble is unable to benefit from his extensive skills and experience at this time.’

Current stock price: 9.00 pence, down 7.7%

12-month change: down 10%

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