Exercise of Warrants, Issue of Equity and Rule 2.9
Pinewood Technologies Group PLC has announced the cashless exercise of all 6,098,093 warrants, resulting in the issuance of 1,615,200 new ordinary shares. These new shares will be admitted to trading on the London Stock Exchange on September 8, 2026, and will rank equally with existing shares. Following this issuance, the Company will have 116,715,177 ordinary shares in issue, with no shares held in treasury.
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Pinewood.AI announced on 30 July 2026 that it had in issue 6,098,093 warrants over a maximum of 6,098,093 new ordinary shares of £1.00 each, exercisable at a strike price of 330.0 pence per ordinary share, in certain tranches (the "Warrants").
The Company announces that it has today received valid notices of exercise in respect of all the Warrants. The subscription rights in respect of the Warrants were exercised on a cashless basis in accordance with their terms, resulting in the number of new ordinary shares to be allotted and issued in satisfaction of such exercise being 1,615,200 (the "New Ordinary Shares").
Application has been made for the admission of the New Ordinary Shares to trading on the main market for listed securities of London Stock Exchange plc ("Admission"). Admission is expected to become effective at 8.00 a.m. on 8 September 2026.
The New Ordinary Shares will rank pari passu in all respect with the Company's existing ordinary shares.
Rule 2.9 disclosure
The Company has no outstanding warrants in issue.
Disclosure Requirements
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.