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| TIDM | PINE |
| Share Price | 449.50p-0.11% |
| Market Cap | £524.63m |
Pinewood Technologies Group PLC held its Annual General Meeting on June 24, 2026, where all 18 proposed resolutions were passed on a poll. Resolutions 1 to 14 were passed as ordinary resolutions, and resolutions 15 to 18 were passed as special resolutions, including the re-election and re-appointment of directors and the re-appointment of RSM UK Audit LLP as auditor. Resolutions 3, 6, 7, 9, and 10, concerning independent directors, also received the required separate approval from independent shareholders, excluding controlling shareholder Lithia UK Holdings Limited.
| Date | 24 Jun 2026 |
| Time | 17:09:58 |
| Category | AGMs and other meetings |
| ID | 6432J |
FOR IMMEDIATE RELEASE
24 June 2026
Pinewood Technologies Group PLC (the "Company")
Results of Annual General Meeting
The Annual General Meeting of the Company was held on Wednesday 24 June at 2.30 p.m. The results of each resolution are set out in the table below.
All resolutions were passed on a poll. Resolutions 1 to 14 were passed as ordinary resolutions and resolutions 15 to 18 were passed as special resolutions.
|
Resolution |
Votes For |
% For (to 2 d.p) |
Votes Against |
% Against (to 2 d.p) |
Votes Withheld |
|
1. To receive the annual accounts and directors' and auditor's reports for the twelve-month period ended 31 December 2025 |
84,295,317 |
99.98% |
20,295 |
0.02% |
12,285 |
|
2. To approve the directors' remuneration report for the twelve-month period ended 31 December 2025 |
82,464,976 |
97.81% |
1,848,774 |
2.19% |
14,147 |
|
3. To re-elect Mr I Filby as a director |
81,318,681 |
96.46% |
2,985,487 |
3.54% |
23,729 |
|
4. To re-elect Mr W Berman as a director |
84,273,164 |
99.95% |
40,937 |
0.05% |
13,796 |
|
5. To re-elect Mr O Mann as a director |
84,281,095 |
99.97% |
23,073 |
0.03% |
23,729 |
|
6. To re-elect Mr D Exler as a director |
84,024,594 |
99.67% |
279,574 |
0.33% |
23,729 |
|
7. To re-elect Ms J Bird as a director |
82,778,452 |
98.19% |
1,525,716 |
1.81% |
23,729 |
|
8. To re-elect Mr C Holzshu as a director |
79,684,982 |
94.53% |
4,608,131 |
5.47% |
34,784 |
|
9. To re-appoint Dr. R Plant as a director |
84,269,292 |
99.97% |
23,821 |
0.03% |
34,784 |
|
10. To re-appoint Ms S Chindalur as a director |
84,252,446 |
99.95% |
40,667 |
0.05% |
34,784 |
|
11. To re-appoint Ms T Miller as a director |
84,265,547 |
99.96% |
37,499 |
0.04% |
24,851 |
|
12. To re-appoint RSM UK Audit LLP as auditor of the Company |
84,294,777 |
99.98% |
20,057 |
0.02% |
13,063 |
|
13. To authorise the directors to determine the remuneration of the auditor |
84,307,878 |
99.99% |
7,669 |
0.01% |
12,350 |
|
14. To authorise the directors to allot shares in the Company |
84,254,435 |
99.93% |
58,473 |
0.07% |
14,989 |
|
15. General authority for disapplication of pre-emption rights |
84,231,780 |
99.91% |
79,283 |
0.09% |
16,834 |
|
16. Additional authority for disapplication of pre-emption rights |
84,221,553 |
99.89% |
89,775 |
0.11% |
16,569 |
|
17. To authorise the Company to make market purchases of its shares |
83,068,237 |
98.52% |
1,247,602 |
1.48% |
12,058 |
|
18. To authorise the directors to call a general meeting of the Company, other than an annual general meeting, on not less than 14 clear days' notice |
82,983,868 |
98.42% |
1,331,679 |
1.58% |
12,350 |
As Lithia UK Holdings Limited ("Lithia") is a controlling shareholder of the Company (that is, it exercises or controls more than 30 per cent. of the voting rights of the Company), the UK Listing Rules require that the re-election or re-appointment of each independent director be approved by a majority of the votes cast by both: (i) all shareholders of the Company; and (ii) the independent shareholders of the Company, being the shareholders other than Lithia.
Resolutions 3, 6, 7, 9 and 10 were accordingly proposed as ordinary resolutions on which all shareholders were entitled to vote, with the votes cast by the independent shareholders on those resolutions also counted separately to determine whether this second threshold was met. In accordance with this dual threshold requirement, the results of the votes cast by the independent shareholders on those resolutions are set out below.
VOTES EXCLUDING CONTROLLING SHAREHOLDER ON THE RESOLUTIONS CONCERNING THE RE-ELECTION AND RE-APPOINTMENT OF THE INDEPENDENT NON-EXECUTIVE DIRECTORS
|
Resolution |
Votes For |
% For (to 2 d.p) |
Votes Against |
% Against (to 2 d.p) |
Votes Withheld |
|
3. To re-elect Mr I Filby as a director |
44,543,506 |
93.72% |
2,985,487 |
6.28% |
23,729 |
|
6. To re-elect Mr D Exler as a director |
47,249,419 |
99.41% |
279,574 |
0.59% |
23,729 |
|
7. To re-elect Ms J Bird as a director |
46,003,277 |
96.79% |
1,525,716 |
3.21% |
23,729 |
|
9. To re-appoint Dr. R Plant as a director |
47,494,117 |
99.95% |
23,821 |
0.05% |
34,784 |
|
10. To re-appoint Ms S Chindalur as a director |
47,477,271 |
99.91% |
40,667 |
0.09% |
34,784 |
In accordance with UK Listing Rule 6.4.2, copies of any resolutions that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The results will also be made available on the Company's website at Pinewood.AI | Investor Relations About
OLIVER MANN
CHIEF FINANCIAL OFFICER
24 June 2026
Enquiries: Headland Henry Wallers Tel: 0203 805 4822
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