15th Feb 2006 12:41
Pendragon PLC15 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 15 February 2006 MANDATORY UNCONDITIONAL RECOMMENDED INCREASED CASH OFFER by CITIGROUP GLOBAL MARKETS LIMITED ("citigroup") on behalf of PENDRAGON PLC ("PENDRAGON") for REG VARDY PLC ("REG VARDY") Posting of Revised Offer Document Further to the announcement made on 8 February 2006 of a mandatory cash offer byCitigroup on behalf of Pendragon for Reg Vardy (the "Mandatory Offer"),Pendragon announces that the document containing the terms of the MandatoryOffer (the "Revised Offer Document") has been posted to Reg Vardy Shareholderstoday, together with a revised Form of Acceptance (the "Revised Form ofAcceptance"). The Mandatory Offer is unconditional in all respects and will remain open foracceptance until further notice. Not less than 14 days' notice in writing willbe given to those Reg Vardy Shareholders who have not accepted the MandatoryOffer prior to closing of the Mandatory Offer. If you hold Reg Vardy Shares in certificated form, to accept the MandatoryOffer, you should complete, sign and return the Revised Form of Acceptance assoon as possible. If you hold Reg Vardy Shares in uncertificated form (that is, in CREST), toaccept the Mandatory Offer, you should complete, sign and return the RevisedForm of Acceptance, and transfer your Reg Vardy Shares to an escrow balance sothat the TTE instruction to escrow settles as soon as possible. Copies of the Revised Offer Document and Revised Form of Acceptance are and willremain available for collection by Reg Vardy shareholders from the offices ofCitigroup Global Markets Limited, Citigroup Centre, Canada Square, Canary Wharf,London E14 5LB during normal business hours on any weekday (public holidaysexcepted) until the Mandatory Offer closes. Pendragon PLC Tel: 01623 725 114 Trevor Finn, Chief ExecutiveDavid Forsyth, Finance Director Citigroup Global Markets Limited Tel: 020 7986 4000 Philip Robert-TissotSam SmallChris Zeal (Corporate Broking) Finsbury Group Tel: 020 7251 3801 Rupert 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 Mandatory 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 Mandatory 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 Mandatory Offer should be made only on the basis of information referred toin the Revised Offer Document. The Mandatory 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, telexor telephone) of interstate or foreign commerce of, or any facilities of anational securities exchange of, the United States, Canada, Australia or Japanand the Mandatory Offer will not be capable of acceptance by any such use,means, instrumentality or facility, directly or indirectly from or within theUnited 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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