17th Jan 2006 16:40
Pendragon PLC17 January 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN For immediate release 17 January 2006 Pendragon plc ("Pendragon") Announcement re Reg Vardy plc ("Reg Vardy") Pendragon notes the announcement made today by Lookers plc regarding itsproposed acquisition of Reg Vardy. Pendragon is currently considering itsoptions in response to this development. Pendragon continues to believe that a combination with Reg Vardy is consistentwith its stated strategy of increasing its scale with a select number ofmanufacturing partners, which has been demonstrated in its track record ofsuccessful acquisitions since 1997. A further announcement will be made in due course. Enquiries Pendragon plc 01623 725 114 Trevor Finn, Chief Executive David Forsyth, Finance Director Citigroup Global Markets Limited 020 7986 4000 (Financial adviser and corporate broker to Pendragon) Philip Robert-Tissot Sam Small Chris Zeal (Corporate Broker) Finsbury Group 020 7251 3801 (Public relations adviser to Pendragon) Rupert Younger Gordon Simpson Citigroup Global Markets Limited ("Citigroup"), which is authorised andregulated in the United Kingdom by the Financial Services Authority, is actingfor Pendragon and no one else in connection with the matters referred to hereinand will not be responsible to any other person for providing the protectionsafforded to clients of Citigroup or for providing advice in connection with thematters referred to herein. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
PDG.LLOOK.L