Director/PDMR Shareholding

21 March 2014

                                                                               

                         Pendragon PLC ("the Company")                         

 

Conditional awards for 2014 under the Pendragon Long Term Incentive Plan
("LTIP")

Performance Awards under the LTIP were granted on 20 March 2013 to the
executive directors listed below:-

 

Director   Number of performance awards
                                       
T G Finn                      2,207,142
                                       
M S Casha                     1,326,123
                                       
T P Holden                    1,051,547
                                       
H C Sykes                       613,095
                                       

 

Vesting of the Performance Awards under the LTIP is subject to the satisfaction
of performance conditions based on achieving defined earnings per share targets
measured from the 2013 earnings per share result over a three year performance
period, and subject to an underpin of creating absolute total shareholder
value:-

 

Annual EPS Growth (three year performance period) Vesting Percentage:
                                                                     
Less than RPI +4%                                 0%                 
                                                                     
RPI + 4%                                          25%                
                                                                     
RPI + 10%                                         100%               
                                                                     
Straight line vesting between performance points                     
                                                                     

 

If the performance condition is not satisfied, none of the LTIP award shares
will vest.

 

Following the award of the above Performance Awards, the executive directors'
respective beneficial holdings in Pendragon PLC ordinary shares remains
unchanged, and are as detailed below:-

 

Director   Number of Shares Percentage of issued capital
                                                        
T G Finn   34,317,691       2.36%                       
                                                        
M S Casha  7,135,869        0.49%                       
                                                        
H C Sykes  2,535,988        0.17%                       
                                                        
T P Holden 1,127,015        0.07%                       
                                                        

 

This announcement is intended to satisfy obligations under the Disclosure and
Transparency Rules 3.1.4R(1).


HILARY C SYKES

 

 

21 MARCH 2014

Enquiries:    Pendragon PLC   Trevor Finn             Tel: [phone]
                              Tim Holden    

              Finsbury        Gordon Simpson          Tel: [phone]

                                    -ENDS-