17
April 2024
Pinewood Technologies Group
PLC ("the Company")
Additional Listing &
Total Voting Rights
A listing application has been made
by the Company for 17 new Ordinary Shares (the "EBT Shares") to be admitted to the
premium listing segment of the Official List and to trading on the
London Stock Exchange's main market for listed securities
("Admission"). The EBT
Shares will be issued fully paid and will rank pari passu in all respects with the
existing issued Ordinary Shares. Admission is anticipated to occur
on 18 April 2024.
The EBT Shares are to be issued to
Accuro Trustees (Jersey) Ltd, trustee of the Pendragon Employee
Benefit Trust (the "EBT")
and are required to ensure that the number of Ordinary Shares in
issue is exactly divisible by 20 in order to effect the Capital
Reorganisation.
Following the issue of the EBT
Shares and Admission, the Company will have 1,742,312,420 Ordinary
Shares, representing a total ordinary share capital of
£87,115,621. The voting rights attached to the Ordinary
Shares are on the basis of one vote per Ordinary Share,
representing total voting rights of 1,742,312,420. There are no
shares held in treasury.
This figure (1,742,312,420) may be
used by Shareholders (and others with notification obligations) 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 and
Transparency Rules.
Capitalised terms used but not
otherwise defined in this announcement have the same meaning given
to them in the circular of the Company dated 5 April
2024.
Enquiries:
Jefferies International Limited (Financial Adviser and Joint
Corporate Broker)
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+44 (0) 20 7029 8000
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Philip Noblet
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Thomas
Bective
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Jordan
Cameron
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Headland Consultancy (PR &
Communications)
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+44 (0) 20 3805 4822
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Henry Wallers
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Jack Gault
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Jefferies International Limited
("Jefferies"), which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting solely
for the Company, and for no-one else, as broker in connection with
the matters referred to 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 content of this announcement or any
other matters described in this announcement. To the fullest extent
permitted by law, neither Jefferies nor any of its affiliates
assumes any responsibility whatsoever for or makes any
representation or warranty express or implied, in relation to the
contents of this announcement, including its accuracy, completeness
or verification or for any other statement made or purported to be
made by it, or on its behalf and nothing contained in this
announcement is, or shall be, relied upon as a promise or
representation in this respect whether as to the past, present or
future, in connection with the Company, the Group, or the matters
referred to in this announcement. Jefferies and its affiliates
accordingly disclaims to the fullest extent permitted by law all
and any duty, responsibility and liability whether arising in tort,
contract or otherwise which it might otherwise be found to have in
respect of this announcement or any such statement or
otherwise.
This announcement is not intended
to, and does not constitute, or form part of, any offer to sell or
an invitation to purchase or subscribe for any securities in any
jurisdiction.
This announcement has been prepared
for the purpose of complying with the applicable law and regulation
of the United Kingdom and information disclosed may not
be the same as that which would have been disclosed if this
announcement has been prepared in accordance with the laws and
regulations of jurisdictions outside the United
Kingdom.
-ENDS-