8 June 2015
Pendragon PLC ("Pendragon")
Proposed Acquisition of Dealership in California
On 25 March 2015 Pendragon announced that it had agreed to acquire the trade and certain assets of a motor dealership located in Glendale, California, USA, from Texas Automobiles Leasing t/a Lexus of Glendale ("Lexus of Glendale") subject to completion accounts and receipt of manufacturer agreements.
The acquisition will now not be proceeding as Lexus have a right, which they will be exercising, to purchase the dealership.
8 June 2015
Enquiries: Pendragon PLC Trevor Finn Tel: 01623 725114
Tim Holden
RLM Finsbury Gordon Simpson Tel: 0207 1513801
Philip Walters
-ENDS-
