9th Jan 2006 15:52
09 January 2006N0: 489PENDRAGON PLC ("Pendragon" or the "Company")Pendragon has received a number of enquiries regarding trade creditarrangements which would be in place with one of our principal manufacturersuppliers, Ford, following a successful acquisition of Reg Vardy plc.In order to clarify the position, we are pleased to confirm that FCE Bank plc(trading as Ford Financial) has agreed to increase the trade credit facilitiesavailable to us by approximately ‚£170 million. This is the amount which isexpected to be sufficient to fund all of the new vehicle stocks and somedemonstrator and used cars in the Ford manufacturer brands (Ford, Land Roverand Jaguar) currently franchised to Reg Vardy Plc.Enquiries:Pendragon PLC Trevor Finn, Chief Executive Tel: 01623 725 114David Forsyth, Finance DirectorFinsbury Gordon Simpson Tel: 0207 251 3801-ENDS-Pendragon PlcRelated Shares:
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