6th Dec 2005 12:35
Pendragon PLC06 December 2005 Not for release, publication or distribution, in whole or part, in, into or from the United States, Canada, Australia or Japan. FOR IMMEDIATE RELEASE 6 December 2005 RECOMMENDED CASH OFFER by CITIGROUP GLOBAL MARKETS LIMITED ("citigroup") on behalf of Pendragon plc ("Pendragon") for reg vardy PLC ("Reg Vardy") Posting of Offer Documentation and Shareholder Circular Further to the announcement made on 3 December 2005 of a recommended cash offerby Citigroup on behalf of Pendragon for Reg Vardy (the "Offer"), Pendragonannounces that the document containing the full terms and conditions of theOffer (the "Offer Document") has been posted to Reg Vardy Shareholders today,together with the Form of Acceptance. If you hold Reg Vardy Shares in certificated form, to accept the Offer, youshould complete, sign and return the Form of Acceptance as soon as possible and,in any event, so as to be received by Capita Registrars by no later than 3.00p.m. (London time) on 28 December 2005. If you hold Reg Vardy Shares in uncertificated form (that is, in CREST), toaccept the Offer, you should complete, sign and return the Form of Acceptance,and transfer your Reg Vardy Shares to an escrow balance so that the TTEinstruction to escrow settles as soon as possible and, in any event, by no laterthan 3.00 p.m. (London time) on 28 December 2005. If you hold Reg Vardy Sharesas a CREST sponsored member, you should refer to your CREST sponsor as only yourCREST sponsor will be able to send the necessary TTE instruction to CREST. Copies of the Offer Document and Form of Acceptance are and will remainavailable for collection by Reg Vardy shareholders from the offices of CitigroupGlobal Markets Limited, Citigroup Centre, Canada Square, Canary Wharf, LondonE14 5LB during normal business hours on any weekday (Saturdays and publicholidays excepted) until the end of the Offer Period. In addition, Pendragon will today be posting to its shareholders a Class 1Circular setting out the details of the acquisition and convening anextraordinary general meeting of shareholders (the "EGM") to approve theacquisition of Reg Vardy and its funding. The EGM will be held at Loxley House,2 Oakwood Court, Little Oak Drive, Annesley, Nottingham NG15 0DR on 22 December2005 at 10.30 a.m. A copy of the Circular will be submitted to the Financial Services Authority forpublication through the document viewing facility which is situated at TheFinancial Services Authority, 25 North Colonnade, Canary Wharf, London E14 5HS. Copies of the Circular are available for collection by Pendragon shareholdersfrom the offices of Citigroup Global Markets Limited, Citigroup Centre, CanadaSquare, Canary Wharf, London E14 5LB during normal business hours on any weekday(Saturdays and public holidays excepted). Pendragon PLC Tel: 01623 725 114Trevor Finn, Chief ExecutiveDavid Forsyth, Finance Director Citigroup Global Markets Limited Tel: 020 7986 4000Philip Robert-TissotSam SmallChris Zeal (Corporate Broking) Finsbury Group Tel: 020 7251 3801Rupert YoungerGordon Simpson Citigroup Global Markets Limited, which is authorised and regulated in theUnited Kingdom by the Financial Services Authority, is acting exclusively forPendragon and no one else in connection with the Offer and will not beresponsible to any other person for providing the protections afforded toclients of Citigroup Global Markets Limited or for providing advice in relationto the Offer. This announcement does not constitute, or form part of, any offer for, or anysolicitation of any offer for, securities. Any acceptance or other response tothe Offer should be made only on the basis of information referred to in theOffer Document. The Offer is not being and will not be made, directly or indirectly, in or into,or by use of the mails of, or by any means or instrumentality (including,without limitation, facsimile transmission, electronic mail, telex or telephone)of interstate or foreign commerce of, or any facilities of a national securitiesexchange of, the United States, Canada, Australia or Japan and the Offer willnot be capable of acceptance by any such use, means, instrumentality orfacility, directly or indirectly from or within the United States, Canada,Australia or Japan. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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