2nd Feb 2006 15:22
Pendragon PLC02 February 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 2 February 2006 Pendragon plc ("Pendragon") Press Clarification On 27 January 2006, AFX News, a newswire service, carried an article whichincluded the following statement: "Pendragon's chief executive Trevor Finn told AFX News that while there was nocurrent intention to 'go hostile' and make outright bid for Lookers or reviseits offer for Reg Vardy, it was making the discussions public to raise thedebate in the market and among both sets of shareholders." Pendragon wishes to clarify that no decision has been made regarding its optionsin respect of its possible offer for Lookers or its offer for Reg Vardy.Pendragon reserves all of the rights available to it under the Takeover Code inrespect of its possible offer for Lookers and its offer for Reg Vardy. Inparticular, it reserves the right to make a unilateral offer for Lookers and torevise, amend, lapse or withdraw its offer for Reg Vardy at any time. 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 matters referred to in thisannouncement and will not be responsible to any other person for providing theprotections afforded to clients of Citigroup Global Markets Limited or forproviding advice in relation to the matters referred to in this announcement. 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:
PDG.LLOOK.L