PDG Pendragon Plc

TIDMPDG

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 GBP16.3m.

 
 Enquiries: 
 Headland     Henry Wallers   Tel: 0203 805 4822 
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 Headland     Jack Gault      Tel: 0203 805 4822 
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February 01, 2021 05:30 ET (10:30 GMT)

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