Lithia Motors Hits 25.5% Stake in Pendragon

Pendragon (GB:PINE) has released an update.

Lithia Motors Inc. has crossed a significant threshold by acquiring 25.50% of the voting rights in Pinewood Technologies Group PLC, as notified in a major holdings disclosure. The notification, completed on June 24, 2024, in Nottingham, marks a notable change in the ownership structure of the UK-based company. This move could have substantial implications for Pendragon investors and the company’s strategic direction.

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