Rule 2.9 Update
Pinewood Technologies Group PLC has issued 4,791,249 ordinary shares to the Pendragon Employee’s Share Trust and a further 106,948 ordinary shares to award holders, totaling 4,898,197 shares, in connection with its share plans and an acquisition. These shares are expected to be admitted to the London Stock Exchange on October 6th and 8th, 2026, respectively, and will rank equally with existing shares. Following these issuances, Pinewood.AI confirms it has 121,506,426 ordinary shares in issue with no shares held in treasury.
Select text to share a quote on X · sign in to keep highlights & notes in your PINE notes
Pinewood.AI announces that it has issued to the trustee of the Pendragon Employee’s Share Trust 4,791,249 ordinary shares of £1.00 each (the “EBT Ordinary Shares”) in satisfaction of certain awards granted under the Pinewood.AI Share Plans which are expected to vest in connection with the Acquisition. An application has been made for the admission of the EBT Ordinary Shares to trading on the main market for listed securities of the London Stock Exchange (“Admission”). Admission is expected to become effective at 8.00 a.m. on 6 October 2026.
In addition, an application has been made for the admission of a further 106,948 ordinary shares of £1.00 each (the “Award Holder Shares” and, together with the EBT Ordinary Shares, the “Ordinary Shares”) to trading on the main market for listed securities of the London Stock Exchange (“Second Admission”). The Award Holder Shares also relate to certain awards granted under the Pinewood.AI Share Plans which are expected to vest in connection with the Acquisition and be issued to the relevant award holders on 7 October 2026, subject to the Scheme being sanctioned by the Court. The Second Admission is expected to become effective at 8.00 a.m. on 8 October 2026.
The Ordinary Shares will rank pari passu in all respects with Pinewood.AI’s existing ordinary shares.
Rule 2.9 disclosure
Disclosure Requirements
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.