Pinewood Takeover Complete: £4.48 Scheme and Delisting

Pinewood takeover status: complete

Quick answer: Pinewood Technologies Group's scheme of arrangement became effective on 9 October 2026. U.K. Piston Bidco, backed by entities administered by Ridgeview Partners, acquired the company for £4.48 in cash per Pinewood share unless a shareholder made a valid rollover election. Trading was suspended on 9 October, the London listing and trading were cancelled on 12 October, and Companies House records the company as re-registered from a public company to a private limited company on 20 October.

This is no longer a pending vote or an expected timetable. Pinewood is acquired, private and delisted.

Final takeover sequence

Date	Event	Outcome
25 September 2026	Court Meeting and General Meeting	Shareholders approved the scheme and related resolution.
7 October 2026	Court hearing	The High Court sanctioned the scheme.
8 October 2026	Record time and last dealing day	Scheme record time was 6:00 p.m.
9 October 2026	Scheme effective	Pinewood became wholly owned by Bidco and trading was suspended.
12 October 2026	Listing cancellation	London trading and listing were cancelled.
23 October 2026	Settlement deadline	Latest stated date for cash settlement or rollover units.
20 October 2026	Re-registration	Companies House recorded the move from PLC to private limited company.

Pinewood's meeting results show 99.76% of the scheme shares voted at the Court Meeting supported the scheme and 99.67% of votes cast at the General Meeting supported the special resolution. The court-sanction announcement confirmed the court approval, and the effective announcement confirmed completion and the £4.48 cash consideration.

What happened to Pinewood shares?

The effective announcement says Bidco acquired the scheme shares and Pinewood became its wholly owned subsidiary. Share certificates ceased to be valid and CREST entitlements were cancelled. The cash consideration was £4.48 per share for holders who did not make a valid rollover election.

The rollover alternative exchanged eligible holdings for unlisted interests rather than cash. Those interests do not have the regular market price or liquidity of the former listed shares. Pinewood's board recommended the cash acquisition but did not recommend the rollover alternative because its suitability depended on each holder's circumstances.

The 23 October settlement date was a deadline in the scheme timetable, not a new trading date. A holder with a missing payment or an unresolved rollover election should contact the registrar or their platform rather than trying to trade the old PINE line.

What the delisting means for investors

Pinewood no longer has a publicly traded share price and is no longer an active London-listed equity idea. Future operating news may still matter to customers, employees and private owners, but it no longer provides the same public-company disclosure stream.

Companies House's filing history records the scheme documents and the 20 October re-registration. The legal entity is now shown as Pinewood Technologies Group Limited.

For historical business context, my earlier analysis of Pinewood's FY2025 revenue and North American progress remains available. The Pinewood share archive now clearly marks the company as acquired and delisted.

Bottom line

The scheme completed on the announced timetable: shareholders approved it, the court sanctioned it, Bidco took ownership at £4.48 per cash share and the listing was cancelled. Any current question should be about settlement or the private-company position, not whether the takeover will proceed.