15th Feb 2006 16:02
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 SHARE PURCHASES AND DISCLOSURE OF HOLDINGS by CITIGROUP GLOBAL MARKETS LIMITED on behalf of PENDRAGON PLC ("Pendragon") of shares in REG VARDY PLC ("Reg Vardy") Pendragon has today acquired in the market a total of 10,014,298 Reg Vardyshares, representing approximately 17.8 per cent. of Reg Vardy's total issuedshare capital. The consideration was 900 pence per Reg Vardy share. Accordingly, Pendragon has either acquired or agreed to acquire a total of32,760,381 Reg Vardy shares, representing approximately 58.2 per cent. of RegVardy's total issued share capital. Accordingly, Pendragon has now acquired, agreed to acquire or receivedacceptances in respect of, in aggregate, 41,042,048 Reg Vardy Shares,representing approximately 73.0 per cent. of the total issued share capital ofReg Vardy. 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 for Pendragon andno one else in connection with the Offer, and will not be responsible to anyoneother than Pendragon for providing the protections afforded to clients ofCitigroup Global Markets Limited or for providing advice in relation to theOffer. The release, publication or distribution of this announcement in certainjurisdictions may be restricted by law and therefore the persons in suchjurisdictions into which this announcement is released, published or distributedshould inform themselves of, and observe, any applicable restrictions. This announcement does not constitute an offer to sell or the solicitation of anoffer to purchase or subscribe for any securities or an invitation to purchase,pursuant to the Offer or otherwise. Any response in relation to the Offer shouldonly be made on the basis of the information contained in the Offer Document. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
PDG.L