Pinewood Technologies Group plc (PINE) ORD GBP1

What is happening?

Pinewood Technologies (PINE) have announced their intention to conduct a Placing (for Institutional Investors) and a Retail Offer (for Individual Investors).

Pinewood Technologies (PINE) have decided not to issue a Prospectus as part of the fundraising. This means that the Retail Offer has been limited to the Sterling equivalent of €8 million and may only be open for a number of hours. It also means that information relating to the fundraising is limited to the Company announcement.

• Applications are due to close later this evening on Thursday 20 February. Due to the nature of the fundraising, applications can close at any time and without prior warning.

• The Offer Price will be announced one applications have closed.

• The minimum application for the Retail Offer is £50.

• By applying for shares in the Retail Offer you are deemed to have read, understood and agreed to the HL Retail Offer Risk Warnings, Terms and Conditions and the Company Announcement.

• Hargreaves Lansdown will receive 0.5% commission from the Issuer as part of the Offer.

What are my options?

Option 1 – Do Nothing. If you do not return an election by before applications close later this evening on Thursday 20 February, the Offer will lapse.

Option 2 – You can choose to buy new Shares. If you wish to submit an order outside of the product you currently hold your shares, please leave a note in the comments section of the application.

When do I have to decide by?

Any instruction to participate in the Retail Offer must be received before applications close later this evening on Thursday 20 February. If no instruction is received the Offer will lapse.

Before submitting an instruction, you should carefully read the Company Announcement, HL Retail Offer Risk Warnings & Terms and Conditions which are attached to the Retail Offer notification. You can find this in the Secure Messaging Centre of your online account.

By submitting an instruction, you are deemed to have read and understood these documents as well as agreed to any terms within.

What happens after I apply?

If you apply for shares you will receive two Secure Messages. The first will confirm your application and be sent shortly after applications close on Thursday 20 February. The second will confirm how many shares you have been allocated; this will be sent once the results have been announced on Friday 21 February.

You can view your application in the Pending Orders tab of your online account from midday on Friday 21 February.

Your new shares will be credited on Tuesday 25 February. This may be delayed in the event the company does not deliver your shares to us by this time. 

To assist the Company during the allocation process, we may be required to disclose the number of Pinewood Technologies (PINE) shares you hold with Hargreaves Lansdown. We will do this by calculating the shares held in the account you apply in at the close of business on Wednesday 19 February.

It should be noted that a subscription for the Retail Shares and any investment in the Company carry a number of risks. Investors should make their own investigations into the merits of an investment in the Company. This message is not personal advice and is a summary of the Pinewood Technologies (PINE) announcement.

If you require any assistance, please contact our Helpdesk on 0117 900 9000.