Tillkännagivande • Mar 25
Pinewood Technologies Group PLC to Report Fiscal Year 2025 Results on Apr 22, 2026 Pinewood Technologies Group PLC announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Apr 22, 2026 Tillkännagivande • Feb 14
Apax Partners Confirms It Does Not Intend to Make an Offer for Pinewood Technologies Group PLC On 29 January 2026, Pinewood.AI (Pinewood Technologies Group PLC (LSE:PINE)) announced a possible cash offer for Pinewood.AI by Apax Partners LLP ("Apax"). In light of the prevailing challenging market conditions, Apax confirms that it does not intend to make an offer for the Company. Accordingly, Apax and any person acting in concert with it, except with the consent of the Panel on Takeovers and Mergers (the "Panel"), is bound by the restrictions under Rule 2.8 of the Code. Apax, and any person acting in concert with Apax, reserves the right to announce an offer or possible offer for the Company or make or participate in an offer or possible offer for the Company and/or take any other action otherwise precluded under Rule 2.8 of the Code within six months of the date of this announcement in the following circumstances: (i) with the agreement of the Board of Pinewood.AI; (ii) if a third party announces a firm intention to make an offer for Pinewood.AI; (iii) if Pinewood.AI announces a Rule 9 waiver proposal or a reverse takeover (as defined in the Code); and/or (iv) if there has been a material change of circumstances (as determined by the Takeover Panel). Tillkännagivande • Feb 04
Pinewood.Ai Debuts New Ai Agent for Automated Dealership Tasks Pinewood.AI announced the debut of its industry-first solution code-named Project Intelligence (Pi), an autonomous AI agent designed to execute operational work across dealership and OEM systems. Debut at NADA 2026, Pi represents a new category of intelligence for automotive retail that will move beyond chatbots and vehicle recommendations to automatically carry out complex digital tasks on behalf of dealership teams. Developed by Seez, Pinewood.AI's automotive AI division, Pi operates natively within the Pinewood Automotive Intelligence™? Platform and works directly through existing browser-based systems. Like a human, Pi can log into portals, navigate workflows, complete forms, extract data, and make decisions across disconnected platforms, only faster, continuously, and without manual error. Pi allows dealers to perform autonomously: Task execution across dealership and OEM systems, including logins, navigation, form completion, and multi-step workflows; Cross-system coordination without APIs or custom integrations, operating directly through existing browser interfaces; Real-time decision-making that adapts to changing screens, prompts, and workflows as tasks progress; Reduced operational friction by eliminating manual data entry and repetitive back-and-forth between connected platforms. Built with a multi-agent architecture and LLM-powered reasoning, Pi will continuously perceive on-screen context, determine the next best action, and execute tasks in real time until objectives are complete. For added control, the solution will include human in the loop oversight, allowing staff to monitor progress or take over instantly when needed. Deuting at NADA and soon to be available to customers, Pi,will support independent dealers, dealer groups, and OEMs by addressing some of the most time-consuming operational bottlenecks in automotive retail. Working directly within the Pinewood.AI Platform, deployment will not require changes to dealer infrastructure or workflows. Tillkännagivande • Jan 30
Pinewood Confirms Discussions with Apax Partners Regarding A Possible Cash Offer The Board of Pinewood.AI (Pinewood Technologies Group PLC (LSE:PINE)) noted the recent press speculation regarding Pinewood.AI and confirmed that it has entered into discussions with Apax Partners LLP ("Apax") regarding a possible cash offer of 500 pence per share for the entire issued and to be issued share capital of Pinewood.AI (the "Possible Offer") by Apax. As an alternative to receiving cash, the Possible Offer will include an unlisted partial share alternative. This Possible Offer follows a number of earlier approaches from Apax to the Board regarding a possible cash offer for Pinewood.AI. Having carefully considered the terms of the Possible Offer together with its advisers, the Board of Pinewood.AI has concluded that the Possible Offer is at a value that it would be minded to recommend to Pinewood.AI shareholders should a firm intention to make an offer pursuant to Rule 2.7 of the Code be announced on such financial terms, subject to agreement of all other terms and conditions of an offer and completion by Apax of confirmatory due diligence. There can be no certainty that any firm offer will be made. A further announcement will be made if and when appropriate. In accordance with Rule 2.6(a) of the Code, Apax is required, by not later than 5.00 p.m. (London time) on 26 February 2026, to do one of the following: (i) announce a firm intention to make an offer for Pinewood.AI in accordance with Rule 2.7 of the Code; or (ii) announce that it does not intend to make an offer for Pinewood.AI, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can only be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. In accordance with Rule 2.5(a) of the Code, Apax reserves the right to introduce other forms of consideration and/or vary the mix or composition of consideration of any offer. In addition, Apax reserves the right to make an offer for Pinewood.AI at a lower value or on less favourable terms than the Possible Offer: (i) with the agreement or recommendation of the Board of Pinewood.AI; (ii) if a third party announces a firm intention to make an offer for Pinewood.AI which, at that date, is of a value less than the value of the Possible Offer; or (iii) following the announcement by Pinewood.AI of a Rule 9 waiver transaction pursuant to Appendix 1 of the Code or a reverse takeover. If Pinewood.AI declares, makes or pays any dividend or distribution or other return of value or payment to its shareholders, Apax reserves the right to make an equivalent reduction to the Possible Offer. Tillkännagivande • Oct 14
Pinewood Technologies Group PLC Announces Directorate Changes Pinewood Technologies Group PLC announced the appointments of two Independent Non-Executive Directors to the Board. Shruthi Chindalur and Dr Robert Plant will join the Board with effect from 14 October 2025. Shruthi and Robert will both serve on the Company's Nomination Committee. Shruthi has 25 years' experience across technology, commercial and go-to-market strategy. She previously held senior leadership roles at Oracle, LinkedIn and Criteo, where she led commercial strategy, international expansion and business transformation across EMEA and the Americas. She most recently held a Non-Executive Director role at The Access Group for four years and is currently a Non-Executive Director at Bytes Technology Group plc and Kainos Group plc, in addition to her role as an Advisory Board Member at FirstParty Capital. Robert has over three decades of experience spanning technology, strategy and education. He is the founding Chair of the Department of Business Technology at the University of Miami and an associate professor at the University of Miami's Herbert Business School. His innovative work is focused on AI. He has advised global firms including Polen Capital, the global asset manager, and currently serves on the advisory board of Arreva, a fundraising and donor management software business. He has taught executive MBAs across the world and is a frequent contributor on technology issues to publications including the Financial Times, Forbes Insights and Harvard Business Review. Tillkännagivande • Aug 04
Pinewood Technologies Group PLC to Report Q2, 2025 Results on Sep 24, 2025 Pinewood Technologies Group PLC announced that they will report Q2, 2025 results on Sep 24, 2025 Tillkännagivande • Aug 01
Pinewood Technologies Group PLC (LSE:PINE) completed the acquisition of 51% stake in Pinewood North America LLC from Lithia Uk Holding Limited. Pinewood Technologies Group PLC (LSE:PINE) agreed to acquire remaining 51% stake in Pinewood North America LLC from Lithia Uk Holding Limited for $78.7 million on June 6, 2025. The consideration consists of issuance of 14,560,691 shares. The acquisition values the Joint Venture at $150 million in total, which is supported by the independent valuation work performed by Kroll, LLC. Pinewood.AI is also delighted to announce that, subject to completion of the Acquisition, it will enter into a five year contract with Lithia to roll-out Pinewood AI's software to all of Lithia's current and future sites across the US and Canada by the end of 2028 at the latest.
For the period ending December 31, 2024, Pinewood North America LLC reported operating loss of £1.7 million ($2.12 million) and total assets of £19.6 million ($24.53 million). Following Completion, Bill Berman, Chief Executive Officer of Pinewood.AI, Ollie Mann, Chief Financial Officer of Pinewood.AI and Dietmar Exler, Senior Independent Non-executive Director of Pinewood.AI will remain in office as directors and key individuals of the Joint Venture. The transaction is subject to approval of offer by target shareholders and is expected to be complete in Q3, 2025. On July 30, 2025, Pinewood.AI submitted an application for the admission of new shares on the stock exchange, which are to be issued to Lithia UK Holding Limited as payment.
Philip Noblet, Thomas Bective, Harry Spooner and Eleanor McDonald of Jefferies International Limited acted as financial advisor for Pinewood Technologies Group PLC. James Parkes, Kate Badr, and Jacqueline Vallat of CMS acted as legal advisors for Pinewood Technologies.
Pinewood Technologies Group PLC (LSE:PINE) completed the acquisition of 51% stake in Pinewood North America LLC from Lithia Uk Holding Limited on July 31, 2025. Pinewood.AI is pleased to announce that the New Ordinary Shares issued to the Seller in connection with the Acquisition were admitted to the equity shares (commercial companies) category of the Official List of the FCA and to trading on the main market for listed securities of London Stock Exchange plc (together, "Admission"), with effect from 8.00 a.m. (London time) today. Following Admission, all conditions to completion of the Acquisition have been satisfied. Tillkännagivande • Jul 08
Pinewood Technologies Group PLC (LSE:PINE) agreed to acquire Pinewood Dealer Management System from Motify Group (Pty) Ltd for £2.5 million. Pinewood Technologies Group PLC (LSE:PINE) agreed to acquire Pinewood Dealer Management System from Motify Group (Pty) Ltd for £2.5 million on July 7, 2025. The transaction will deliver immediate commercial benefits and is expected to add approximately £0.5 million to £0.7 million in incremental annual EBITDA.
The expected completion of the transaction is August 1, 2025. Tillkännagivande • Jun 07
Pinewood Technologies Group PLC, Annual General Meeting, Jun 30, 2025 Pinewood Technologies Group PLC, Annual General Meeting, Jun 30, 2025. Location: radisson hotel and conference centre, building a, bath rd, heathrow blvd, west drayton ub7 0du, sipson United Kingdom Tillkännagivande • Feb 22
Pinewood Technologies Group PLC (LSE:PINE) agreed to acquire remaining 90.90% stake in Seez, FZ for $42.1 million. Pinewood Technologies Group PLC (LSE:PINE) agreed to acquire remaining 90.90% stake in Seez, FZ for $42.1 million on February 20, 2025. The consideration is to be comprised of the Cash Consideration $28.8 million, the Cash Cancellation Amount $4.9 million, each payable in cash, and $8.33 million payable in Seez Consideration Shares. Upon completion, Pinewood Technologies Group PLC will own 100% stake in Seez, FZ. Inclusive of Pinewood's initial investment, the total aggregate consideration paid to acquire 100% of Seez is $46.2 million. The transaction is conditional on the admission of the placing shares to be issued pursuant to the proposed equity fundraise which is to be announced today.
The expected completion of the transaction is March 19, 2025. Tillkännagivande • Aug 21
Pinewood Technologies Group PLC to Report First Half, 2024 Results on Oct 02, 2024 Pinewood Technologies Group PLC announced that they will report first half, 2024 results on Oct 02, 2024 Tillkännagivande • Jun 05
Pinewood Technologies Group PLC, Annual General Meeting, Jun 26, 2024 Pinewood Technologies Group PLC, Annual General Meeting, Jun 26, 2024. Location: the offices of cms cameron mckenna, nabarro olswang llp, cannon place, 78 cannon street, ec4n 6af, london United Kingdom Tillkännagivande • Apr 23
Pinewood Technologies Group PLC to Report 13 Months Period Ending Jan 31, 2024 Results on Apr 25, 2024 Pinewood Technologies Group PLC announced that they will report 13 months, period ending Jan 31, 2024 results on Apr 25, 2024 Tillkännagivande • Apr 05
Pinewood Technologies Group plc Proposes Special Dividend, Payable on 7 May 2024 Pinewood Technologies Group PLC at the General Meeting to be held on 22 April 2024, setting out the details of a proposal to return approximately £358 million in cash to Shareholders by way of a special dividend of 24.5 pence per existing ordinary share (the Transaction Dividend) has been published and will be posted to Shareholders. Subject to the approval of the Resolutions by Shareholders at the General Meeting, the Transaction Dividend is expected to be paid on 7 May 2024 to those Shareholders on the register at 6.00 p.m. on 22 April 2024. Tillkännagivande • Feb 01
Lithia Motors, Inc. completed the acquisition of UK Motor Business and Leasing Business from Pendragon PLC. Lithia Motors, Inc. agreed to acquire UK Motor Business and Leasing Business from Pendragon PLC for approximately £250 million on September 18, 2023. The consideration is subject to certain financial adjustments. Lithia to assume all existing Pendragon net bank debt and pension obligations, leaving the Continuing Group with no indebtedness, legacy pension liabilities, or retained liabilities from the UK motor business and leasing business. In a related transaction, Pendragon and Lithia Motors, Inc. have also agreed the terms of a strategic partnership with Lithia, including the rollout of Pinewood, the Company's dealer management software business, to Lithia's existing 50 UK sites and the creation of a joint venture to accelerate Pinewood's entry into the highly attractive North American DMS market, underpinned by a subscription by Lithia for 279,388,880 new Ordinary Shares in the Company for an aggregate subscription price of £30 million. The acquisition is subject to customary conditions, including Pendragon shareholder approval; the CMA Condition; the Reorganisation Condition; the FCA Conditions; the Pensions Condition; and the OEM Condition. Subject to satisfaction of the conditions to the Transaction, completion is expected to occur in Q4 2023. James Thomlinson, Thomas Bective and Jordan Cameron of Jefferies International Limited acted as financial advisor, sponsor and Joint Corporate Broker; and James Parkes and Kieran O'Brien of CMS Cameron McKenna Nabarro Olswang LLP acted as legal advisor to Pendragon PLC. As of October 2, 2023, the UK Financial Conduct Authority (FCA) has approved a supplementary circular in relation to the Transaction. Completion of the Transaction is conditional on, among other things, the approval of Pendragon's shareholders at the General Meeting, which will be held on October 25, 2023. As of October 25, 2023, The shareholders of Pendragon has approved the transaction on October 25, 2023.
Lithia Motors, Inc. completed the acquisition of UK Motor Business and Leasing Business from Pendragon PLC for approximately £370 million on January 31, 2024. Tillkännagivande • Oct 19
AutoNation, Inc. (NYSE:AN) cancelled the acquisition of Pendragon PLC (LSE:PDG). AutoNation, Inc. (NYSE:AN) submitted a non-binding, preliminary proposal to acquire Pendragon PLC (LSE:PDG) for approximately £450 million on September 26, 2023. The offer per share is 32 pence in cash. The Proposal remains subject to a number of pre-conditions, including the completion of due diligence. The Board will consider the AutoNation Proposal and will consult with its shareholders and provide an update in due course. The transaction is subject to approval of Pendragon shareholders. As on October 9, 2023, UK Financial Conduct Authority has approved the transaction.Philip Noblet, James Thomlinson, Thomas Bective and Jordan Cameron of Jefferies International Limited acted as financial advisor to Pendragon PLC.AutoNation, Inc. (NYSE:AN) cancelled the acquisition of Pendragon PLC (LSE:PDG) on October 17, 2023. Tillkännagivande • Oct 06
Hedin Mobility Group AB (publ) and PAG International Limited cancelled the offer to acquire an unknown stake in Pendragon PLC (LSE:PDG). Hedin Mobility Group AB (publ) and PAG International Limited made an unsolicited proposal to acquire an unknown stake in Pendragon PLC (LSE:PDG) on September 20, 2023. The offer price is 28 pence cash per share. As of September 22, 2023, the offer price has been increased to 32 pence cash per share. Pursuant to the transaction, PAG and Hedin will acquire all remaining shares in Pendragon, which are not already held by Hedin. The Board of Directors of Pendragon unanimously rejected the offer due to inadequate offer, which undervalued Pendragon. The revised proposal remains subject to a number of pre-conditions, including the completion of due diligence, antitrust approvals and external debt financing. The Board of Pendragon will consider the revised proposal and will consult with its shareholders and provide an update in due course. Hedin and PAG had until October 18, 2023, to make a firm offer. Philip Noblet, James Thomlinson, Thomas Bective and Jordan Cameron of Jefferies acted as financial advisor of Pendragon.
Hedin Mobility Group AB (publ) and PAG International Limited cancelled the offer to acquire an unknown stake in Pendragon PLC (LSE:PDG) on October 4, 2023. As on October 4, 2023, Hedin and PAG confirm that they do not intend to make an offer for Pendragon. Tillkännagivande • Oct 05
Hedin, PAG International to Drop Bid for Pendragon Hedin Mobility Group AB (publ) and U.S.-based PAG International Limited said on October 4, 2023 they will not make an offer for British automotive retailer Pendragon PLC (LSE:PDG), just a fortnight after sweetening their takeover proposal. Hedin, which holds a 27.6% stake in Pendragon and is the top shareholder, and PAG had sweetened a proposal to buy the company for 32 pence per share last month. The London-listed retailer had earlier rejected a proposal of 28 pence per share. Shares of Pendragon were down 6.2% at 33 pence at 1328 GMT. Tillkännagivande • Sep 27
Pendragon Confirms Receipt of Proposal from AutoNation The Board of Directors of Pendragon PLC (LSE:PDG) (the "Board") confirmed that it has received an unsolicited proposal from AutoNation Inc. ("AutoNation") to acquire the entire issued and to be issued share capital of Pendragon for 32 pence per share, in cash (the "AutoNation Proposal"). The AutoNation Proposal remains subject to a number of pre-conditions, including the completion of due diligence. The Board will consider the AutoNation Proposal and will consult with its shareholders and provide an update in due course. There can be no certainty that any firm offer will be made, nor to the terms of any such offer. Shareholders are advised to take no action at this time. As required by Rule 2.6(a) of the Code, AutoNation is required, by not later than 5.00 p.m. on 24 October 2023, either to announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code. The person responsible for arranging for the release of this announcement on behalf of Pendragon is Richard Maloney, Group General Counsel and Group Company Secretary. This announcement is made without the consent of AutoNation. Tillkännagivande • Sep 19
Lithia Motors, Inc. agreed to acquire UK Motor Business and Leasing Business from Pendragon PLC for approximately £250 million. Lithia Motors, Inc. agreed to acquire UK Motor Business and Leasing Business from Pendragon PLC for approximately £250 million on September 18, 2023. The consideration is subject to certain financial adjustments. Lithia to assume all existing Pendragon net bank debt and pension obligations, leaving the Continuing Group with no indebtedness, legacy pension liabilities, or retained liabilities from the UK motor business and leasing business. In a related transaction, Pendragon and Lithia Motors, Inc. have also agreed the terms of a strategic partnership with Lithia, including the rollout of Pinewood, the Company's dealer management software business, to Lithia's existing 50 UK sites and the creation of a joint venture to accelerate Pinewood's entry into the highly attractive North American DMS market, underpinned by a subscription by Lithia for 279,388,880 new Ordinary Shares in the Company for an aggregate subscription price of £30 million. The acquisition is subject to customary conditions, including Pendragon shareholder approval; the CMA Condition; the Reorganisation Condition; the FCA Conditions; the Pensions Condition; and the OEM Condition. Subject to satisfaction of the conditions to the Transaction, completion is expected to occur in Q4 2023. James Thomlinson, Thomas Bective and Jordan Cameron of Jefferies International Limited acted as financial advisor, sponsor and Joint Corporate Broker; and CMS Cameron McKenna Nabarro Olswang LLP acted as legal advisor to Pendragon PLC. Tillkännagivande • Jul 22
Pendragon PLC to Report First Half, 2023 Results on Sep 27, 2023 Pendragon PLC announced that they will report first half, 2023 results on Sep 27, 2023 Tillkännagivande • Jul 12
Pendragon plc Appoints Jemima Bird as Independent Non-Executive Director and Chair of the Remuneration Committee Pendragon PLC announced that Jemima Bird, Independent Non-Executive Director and Chair of the Remuneration Committee of the Headlam Group plc, has been appointed as an Independent Non-Executive Director and Chair of the Remuneration Committee of the company. Tillkännagivande • Jul 08
Pendragon PLC Announces Resignation of Martin Casha as Chief Operating Officer, Effective 7 November 2023 Pendragon PLC announced that Martin Casha, who has held the role of Chief Operating Officer since 2001, will be standing down from the company to take up a position as CEO of Marshall Motor Group. In order to simplify the Company's organisational structure, Martin's role will not be replaced and his reporting lines will be re-distributed across the senior leadership team. Martin will continue in his role as Chief Operating Officer and as a director until 7 November 2023, ensuring a smooth and orderly transition. Tillkännagivande • Jun 30
Pendragon plc Announces Resignation of Ian Filby as Non-Executive Chairman Pendragon PLC announced that Non-executive Chairman Ian Filby has informed the Board that he intends to step down to pursue other interests. The Nomination Committee, led by Senior Independent Director Dietmar Exler, will commence the process to identify and appoint Ian's successor, and is being supported by external consultants. Ian will continue in his role until this process is complete. Tillkännagivande • May 31
Pendragon PLC, Annual General Meeting, Jun 30, 2023 Pendragon PLC, Annual General Meeting, Jun 30, 2023, at 13:30 Coordinated Universal Time. Location: CMS Cameron McKenna Nabarro Olswang LLP, Cannon Place, 78 Cannon Street London: United Kingdom Agenda: To consider Annual report and accounts; to approve the annual report on directors' remuneration; to approve the directors' remuneration policy; to adopt a new share option plan; to re-appoint directors or re-elect directors; to approve the Appointment and remuneration of auditors; and to consider other matters. Tillkännagivande • Jan 25
Pendragon PLC to Report Fiscal Year 2022 Results on Mar 22, 2023 Pendragon PLC announced that they will report fiscal year 2022 results on Mar 22, 2023