LONDON – Dietmar Exler, a Non-Executive Director of Pinewood Technologies Group PLC, has entered into a binding commitment to purchase shares of the company on a monthly basis, the company announced today. Exler has agreed to buy at least £5,000 worth of ordinary shares each month for a year, starting from September 25, 2024.
The transaction, which took place on the London Stock Exchange (LON:) under the ticker XLON, involved the purchase of 1,500 ordinary shares at a price of £3.45 per share on December 27, 2024. This move is in line with the EU Market Abuse Regulation, which mandates prompt disclosure of transactions by persons discharging managerial responsibilities.
As per the terms of the agreement, Exler is set to continue these transactions on the 25th of each month, or the following trading day if the market is closed, until September 25, 2025. This regular investment demonstrates Exler’s long-term commitment to the company and provides a signal of confidence to the market regarding the company’s prospects.
The company has made this information public in accordance with the EU Market Abuse Regulation, ensuring transparency and adherence to regulatory requirements. This commitment by a board member underscores the ongoing alignment between the company’s leadership and its shareholders.
Exler’s notification to the Pinewood Board of Directors of his intention to consistently invest in the company’s shares is based on a press release statement issued by the company.
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