Pinewood Technologies ( (GB:PINE) ) has issued an update.
Pinewood Technologies Group PLC has announced the issuance of 2,098,633 Seez Consideration Shares as part of its acquisition of Seez App Holding Ltd. These shares will be admitted to trading on the London Stock Exchange, with completion expected on 4 March 2025. This strategic acquisition is set to enhance Pinewood’s market positioning, with former Seez shareholders agreeing to a six-month lock-up period for their shares, reflecting confidence in the company’s growth trajectory.
More about Pinewood Technologies
Pinewood Technologies Group PLC operates in the technology sector, focusing on innovative solutions and services. The company is involved in the acquisition and integration of technology firms to expand its market presence.
YTD Price Performance: 0.84%
Average Trading Volume: 363,868
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £344.1M
For an in-depth examination of PINE stock, go to TipRanks’ Stock Analysis page.