Completion of Sale of Mission Viejo, California

RNS Announcement

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 £28.2m.

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
Henry Wallers	Headland	0203 805 4822

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RNS metadata

Title: Completion of Sale of Mission Viejo, California
Time: 08:00:05
Date: 3 Jul 2019
Category: Disposals
ID: 2746E