Completion of Sale of Hornburg Jaguar Land Rover

RNS Announcement

RNS Number : 5266N

Pendragon PLC

01 February 2021

Pendragon PLC

("Pendragon" or the "Company")

Completion of Sale of Hornburg Jaguar Land Rover, Los Angeles, California

Further to the announcement on 07 September 2020 concerning the disposal of the trade and assets of its Jaguar and Land Rover motor vehicle dealership located in Los Angeles, California, Pendragon is pleased to announce the completion of the sale (the "Transaction").

The Transaction duly completed on 29 January 2021 with the purchaser, Triunity Automotive Group, LLC ("Triunity"), the operator of a privately owned dealership group, following fulfilment of all closing conditions and with total proceeds for the Company of £16.3m.

Enquiries:

Headland

Henry Wallers

Tel: 0203 805 4822

Headland

Jack Gault

Tel: 0203 805 4822

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END

DISUASKRANUURRR

RNS metadata

Title: Completion of Sale of Hornburg Jaguar Land Rover
Time: 10:30:00
Date: 1 Feb 2021
Category: Disposals
ID: 5266N