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.