PDG Pendragon Plc

TIDMPDG

RNS Number : 2746E

Pendragon PLC

03 July 2019

Pendragon PLC

("Pendragon" or the "Company")

Completion of Sale of Mission Viejo, California

Further to the announcement on 2 May 2019 concerning the disposal of certain dealerships from the US Motor Group, Pendragon is pleased to announce the sale of its Jaguar Land Rover motor vehicle dealership in Mission Viejo, California. The transaction completed on 1 July 2019 following the fulfilment of all closing conditions with the total proceeds for the Company valued at GBP28.2m.

The transaction is in line with the Company's stated strategy of disposing of its US Motor Group and work on the remaining disposals continues.

 
 Enquiries 
 Howard Lee       Headland    0203 805 4822 
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 Henry Wallers    Headland    0203 805 4822 
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July 03, 2019 02:00 ET (06:00 GMT)

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