REG - Pinewood Tech Gp PLC - Completion of Lithia JV Acquisition & Admission

Pinewood TechnologiesAnnouncement

31/07/2025 08:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250731:nRSe1756Ta&default-theme=true

RNS Number : 1756T  Pinewood Technologies Group PLC  31 July 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION

FOR IMMEDIATE RELEASE

31 July 2025

Pinewood Technologies Group plc ("Pinewood.AI" or the "Company")

 

Completion of Acquisition of Lithia's Majority Stake in North America JV

and

Admission of New Ordinary Shares

Further to the announcement made on 30 July 2025, Pinewood.AI is pleased to
announce that the New Ordinary Shares issued to the Seller in connection with
the Acquisition were admitted to the equity shares (commercial companies)
category of the Official List of the FCA and to trading on the main market for
listed securities of London Stock Exchange plc (together, "Admission"), with
effect from 8.00 a.m. (London time) today.

Following Admission, all conditions to completion of the Acquisition have been
satisfied and Pinewood.AI is pleased to confirm the completion of the
Acquisition today.

There have been no material changes affecting any matters contained in the
announcement of 6 June 2025.

Capitalised terms used but not defined in this announcement shall have the
meanings given to them in the announcement of 30 July 2025.

Enquiries:

 Pinewood.AI                                                            InvestorRelations@Pinewood.AI

 Bill Berman (Chief Executive)

 Ollie Mann (Chief Financial Officer)

 Jefferies International Limited (Financial Adviser, Sponsor and Joint  +44 (0) 20 7029 8000
 Corporate Broker)

 Philip Noblet

 Thomas Bective

 Harry Spooner

 Ellie McDonald

 Headland Consultancy (PR & Communications)                             +44 (0) 20 3805 4822
 Henry Wallers

Jack Gault

Important Notices

This announcement has been issued by and is the sole responsibility of the
Company. The information contained in this announcement is for background
purposes and does not purport to be full or complete.

Jefferies International Limited ("Jefferies"), which is authorised and
regulated in the United Kingdom by the FCA, is acting solely for the Company
as financial adviser and for no-one else in connection with the Acquisition
and the matters set out in this announcement. Jefferies will not regard any
other person (whether or not a recipient of this announcement) as its client
in relation to the Acquisition and the matters set out in this announcement
and will not be responsible to anyone other than the Company for providing the
protections afforded to its clients or for providing advice to any other
person in relation to the Acquisition, the content of this announcement or any
other transaction, arrangement or matter described in this announcement.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQGZGFNRGVGKZG