1st Apr 2009 11:00
01 April 2009
No: 630
Pendragon PLC ("Pendragon" or the "Group")
The Board of Pendragon notes the increase in the Group's share price following recent press speculation about a potential restructuring of its existing borrowing arrangements.
Pendragon confirms it has been reviewing its financing structure in light of the current economic climate. As part of that review we can confirm that we are having discussions with lenders regarding changes to our loan agreements which would make them more appropriate for anticipated future trading conditions.
We will make a further announcement when appropriate.
For further information, please contact:
Pendragon PLC Trevor Finn, Chief Executive Tel: 01623 725114
David Forsyth, Finance Director
Finsbury Rollo Head/Gordon Simpson Tel: 0207 251 3801
01 April 2009
-ENDS-
Related Shares:
PDG.L