1st Mar 2006 11:50
Pendragon PLC01 March 2006 Pendragon PLC ("Pendragon") & Reg Vardy plc ("Reg Vardy") Pendragon announces the sale on 1 March 2006 by its subsidiary, Reg Vardy plc("Reg Vardy"), of five Volkswagen dealerships in Leicester, Redditch, Stafford,Stourbridge and Wolverhampton. The business and assets of the dealerships havebeen acquired from Reg Vardy by Volkswagen Group United Kingdom Limited whichhas advised Reg Vardy of its intention immediately to transfer the acquiredbusinesses to three separate dealer operators. The gross assets of the businesses being disposed of are £16,770,625. In 2005,the businesses' contribution to the Reg Vardy group was a loss of £0.27million. Enquiries: Trevor Finn: 01623 725114 David Forsyth 01623 725114 TREVOR G FINN 1 March 2006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
PDG.L