IN BRIEF: Pinewood Technologies CFO buys shares after stock dips

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Pinewood Technologies Group PLC - Birmingham, England-based firm software provider for automotive sellers - Chief Financial Officer Oliver Mann buys 25,045 shares priced at 306.80 pence each for a total of £76,838 on Monday. This follows a sharp drop in the stock’s value, after former suitor Apax Partners LLP on Friday said it no longer intends to make an offer for Pinewood, due to ‘prevailing challenging market conditions’. Pinewood shares have fallen more than 30% from Friday’s closing price of 441 pence. Back in January, Pinewood had said it was in talks with Apax for a possible cash offer of 500 pence per share. On Monday, it reaffirmed confidence in its ‘positive long-term prospects’ and income targets through to 2028.

Current share price: 296.50, down 32% on Monday afternoon in London

12-month change: down 13%

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