Pendragon plc (GB:PINE) has released an update.
Pinewood Technologies Group PLC shares soared as shareholders approved all resolutions at their recent General Meeting, including a Special Dividend and a Share Consolidation. The company will consolidate existing shares at a ratio of 1 new share for every 20 held, with new shares trading expected to commence on the London Stock Exchange imminently. The overwhelming support for the resolutions reflects strong shareholder confidence in Pinewood’s strategic financial decisions.
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