REG - Pinewood Tech Gp PLC - Issue of Seez Consideration Shares

Pinewood TechnologiesAnnouncement

03/03/2025 14:00

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RNS Number : 1153Z  Pinewood Technologies Group PLC  03 March 2025

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DISTRIBUTION WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION
PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

 

3 March 2025

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

 

Issue of Seez Consideration Shares

 

Further to the announcement of the proposed Acquisition of Seez App Holding
Ltd. ("Seez") on 20 February 2025, Pinewood today announces that an
application has been made for the admission of 2,098,633 Seez Consideration
Shares to the equity shares (commercial companies) category of the Official
List of the Financial Conduct Authority (the "FCA") and to trading on the main
market for listed securities of London Stock Exchange plc (together,
"Admission"). It is expected that Admission will become effective at 8.00 a.m.
(London time) on 4 March 2025.

Completion of the Acquisition will take place automatically on Admission of
the Seez Consideration Shares, and the transfer of certain cash amounts to
Seez shareholders ("Completion"), which is expected to occur on 4 March
2025.

From Completion, the former Seez shareholders who are receiving the Seez
Consideration Shares will be subject to undertakings, subject to certain
customary exemptions, not to sell the Seez Consideration Shares for a period
of six months following Completion, without the prior written consent of
Pinewood.

Total Voting Rights

Following Admission, the Company will have 100,539,286 Ordinary Shares in
issue. There are no Ordinary Shares held in treasury.

Therefore, the Company hereby confirms that the total number of voting rights
in the Company will, following Admission, be 100,539,286. Following Admission,
this figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.

 

For further information, please contact:

 

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

 Henry Wallers
 Jack Gault

 

Capitalised terms used but not defined in this announcement (the
"Announcement") shall have the meanings given to them in the announcements
relating to the Acquisition and/or the launch of the Placing and the
RetailBook Offer released on 20 February 2025.

The information contained within this Announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of the law of England and Wales by
virtue of the European Union (Withdrawal) Act 2018. The person responsible
for arranging the release of this announcement on behalf of the Company is
Oliver Mann, Chief Financial Officer.

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