Pendragon (GB:PINE) has released an update.
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Lithia Motors Inc. has notified Pinewood Technologies Group PLC of a significant change in their holding, crossing the threshold on May 31, 2024, to now possess 21.89% of voting rights. This change, which was officially communicated to the issuer on June 3, 2024, represents an increase from the previous notification’s 20.92% voting rights ownership. The major holdings notification indicates a strategic movement by Lithia Motors, potentially signaling increased influence within Pinewood Technologies.
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