Pinewood Shepperton plc (“The Company”) is disappointed by today’s decision by the Secretary of State for Communities and Local Government to refuse planning permission for Project Pinewood. The Company will now take time to review the decision in detail.
The Company’s investment in the Project Pinewood land and costs incurred for the planning application are not material to the long term prospects of the Company. The Company will continue to implement its master planning consents at Pinewood and Shepperton studios and pursue its international strategy of developing studios overseas.
Pinewood Shepperton plc is the leading European provider of studio and related services to the worldwide film and television industry.