29th Nov 2006 14:52
Pendragon PLC29 November 2006 29 November 2006 Pendragon plc ("Pendragon" or the "Company") Proposed sale and leaseback by Pendragon of Properties to PPH1 and related transactions (the "Transaction") Proposed sub-division of Existing Ordinary Shares and renewal of authority to make market purchases (the "Share Split") Pendragon has today published a shareholder circular in connection with theproposed Transaction and Share Split which was announced on 28 November 2006.The circular is being sent to shareholders today. Enquiries: Pendragon plc Trevor Finn, Chief Executive 01625 725114David Forsyth, Finance Director Finsbury Group Gordon Simpson 020 7251 3801 General Ernst & Young LLP, which is authorised and regulated in the United Kingdom bythe Financial Services Authority for designated investment business, is actingexclusively for Pendragon plc and for no one else in relation to the Transactionand will not be responsible to anyone other than Pendragon plc for providing theprotections afforded to clients of Ernst & Young LLP or for giving advice inrelation to the Transaction or any other matter referred to in thisannouncement. The distribution of this announcement in certain jurisdictions may be restrictedby law and therefore persons into whose possession this announcement comesshould inform themselves about and observe any such restrictions. Any failure tocomply with these restrictions may constitute a violation of the securities lawsof any such jurisdiction. The information contained herein is not for publication or distribution in orinto the United States of America, Canada, Australia or Japan. These materialsare not an offer of securities for sale in the United States of America, Canada,Australia or Japan. The securities referred to herein have not been and will notbe registered under the U.S. Securities Act of 1933 (the "Securities Act"), asamended, and may not be offered or sold in the United States absent registrationunder the Securities act or any available exemption from registration. No publicoffering of the securities referred to herein will be made in the United States. Certain statements contained in this announcement constitute "forward-lookingstatements". In some cases, these forward-looking statements can be identifiedby the use of forward-looking terminology, including the terms "believes","estimates", "plans", "prepares", "anticipates", "expects", "intends", "may","will", or "should" or, in each case, their negative or other variations orcomparable terminology. Investors should specifically consider the factorsidentified in this announcement which could cause actual results to differbefore making an investment decision. Such forward-looking statements involveknown and unknown risks, uncertainties and other factors, which may cause theactual results, performance or achievements of Pendragon or industry results, tobe materially different from any future results, performance or achievementsexpressed or implied by such forward-looking statements. Such forward-lookingstatements are based on numerous assumptions regarding Pendragon's present andfuture business strategies and the environment in which Pendragon will operatein the future. These forward-looking statements speak only as at the date ofthis announcement. Except as required by the Listing Rules, the ProspectusRules, the Disclosure Rules, the London Stock Exchange or applicable law, theCompany expressly disclaims any obligations of undertaking to release publiclyany updates or revisions to any forward-looking statements contained in thisannouncement to reflect any change in the Company's expectations with regardthereto or any change in events, conditions or circumstances on which any suchstatement is based. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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