Amendment of Acquisition Agreement
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
28 July 2025
Pinewood Technologies Group plc
("Pinewood.AI" or the "Company")
Amendment of Acquisition Agreement
Further to the announcement made on 6 June 2025, Pinewood.AI announces that the Acquisition Agreement (as defined in such announcement) has been amended pursuant to a deed of amendment (the "Amendment Agreement") entered into by the parties to the Acquisition Agreement on 28 July 2025. The effect of the Amendment Agreement is to amend the definition of "Lithia Pre-Sale Reorganisation", along with certain related ancillary amendments.
The amendments made to the Acquisition Agreement pursuant to the Amendment Agreement do not materially or adversely affect any of the parties to the Acquisition Agreement and save as amended by the Amendment Agreement, all other terms of the Acquisition Agreement remain in effect.
A copy of the Amendment Agreement will shortly be made available on the Company's website at www.pinewood.ai/investors.
A further announcement will be made by the Company in respect of completion of the Acquisition, which is expected to occur later this month.
Enquiries:
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Pinewood.AI Bill Berman (Chief Executive) Ollie Mann (Chief Financial Officer)
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InvestorRelations@Pinewood.AI |
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Jefferies International Limited (Financial Adviser) Philip Noblet Thomas Bective Harry Spooner Ellie McDonald
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+44 (0) 20 7029 8000 |
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Headland Consultancy (PR & Communications) |
+44 (0) 20 3805 4822 |
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Henry Wallers |
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Jack Gault |
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Important Notices
Jefferies International Limited ("Jefferies"), which is authorised and regulated in the United Kingdom by the FCA, is acting solely for the Company as financial adviser and for no-one else in connection with the Acquisition and the matters set out in this announcement. Jefferies will not regard any other person (whether or not a recipient of this announcement) as its client in relation to the Acquisition and the matters set out 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 Acquisition, the content of this announcement or any other transaction, arrangement or matter described in this announcement.
Apart from the responsibilities and liabilities, if any, which may be imposed by the Financial Services and Markets Act 2000, as amended, or the regulatory regime established thereunder, neither Jefferies nor any of its affiliates, directors, officers, employees or advisers accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, in respect of 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, the Company, the Directors or any other person in connection with the Company, the Transaction or any matter described in this announcement and nothing in this announcement is or shall be relied upon as a promise or representation in this respect, whether as to the past or future. Each of Jefferies and its affiliates, directors, officers, employees and advisers accordingly disclaims, to the fullest extent permitted by law, all and any responsibility or liability whatsoever, whether arising in tort, contract or otherwise (save as referred to above) which it might otherwise have in respect of this announcement or any such statement.
Neither the contents of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement.
This announcement may not be distributed, directly or indirectly, in or into any jurisdiction where to do so might constitute a breach of applicable law.
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