THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH
AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR
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.
