REG - Pinewood Tech Gp PLC - Accounting Reference Date Change

Pinewood TechnologiesAnnouncement

04/03/2024 14:00

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RNS Number : 5093F  Pinewood Technologies Group PLC  04 March 2024

4 March 2024

Pinewood Technologies Group PLC (the "Company")

 

Accounting Reference Date Change

 

On 1 February 2024, the Company announced a change to its accounting reference
date to 31 January from 31 December. This was to align the accounting
reference date to the completion of the disposal of the UK Motor and Leasing
divisions to Lithia Motors, Inc.

 

Following the publication of the Company's audited accounts for the 13 months
to 31 January 2024, the Company intends to return to a 31 December accounting
reference date. Accordingly, its current accounting period, which commenced on
1 February 2024, will now end on 31 December 2024.

 

As a result, the Company's updated financial calendar will now be as follows:

 

·    Publication of audited accounts for the 13 months to 31 January 2024,
by 30 May 2024

·    Publication of unaudited interim accounts for the 6 months to 31 July
2024, by 31 October 2024

·    Publication of audited accounts for the 11 months to 31 December
2024, by 30 April 2025

·    Publication of unaudited interim accounts for the 6 months to 30 June
2025, by 30 September 2025

 

- ENDS -

 

For further enquiries please contact:

 

 Headland
 Henry Wallers  Tel: 07876 562436
 Jack Gault     Tel: 07799 089357

 

About Pinewood Technologies Group PLC

First established in 1981, Pinewood Technologies Group PLC (Pinewood) is a
leading provider of Dealer Management System (DMS) software and services to
automotive retailers.  Pinewood's DMS is a market-leading solution, which has
been developed collaboratively with dealers and OEMs to provide secure
cloud-based software across sales, aftersales, accounting and CRM.
Headquartered in the UK, Pinewood has a team of over 200 people serving over
30,000 global users and long-standing partnerships with over 50 OEM brands.

Previously part of Pendragon PLC, in 2024 Pinewood became an independent
entity following the sale of Pendragon's UK Motor and Leasing divisions to
Lithia Motors Inc, one of the largest automotive retailers in North America.
Pinewood simultaneously signed a strategic partnership with Lithia to roll out
its software across Lithia's UK locations and form a joint venture to
co-develop capabilities and accelerate Pinewood's entry into the North
American market.

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