Press Clarification
Pendragon PLC
02 February 2006
Not for release, publication or distribution, in whole or part, in, into or from
the United States, Canada, Australia or Japan.
FOR IMMEDIATE RELEASE 2 February 2006
Pendragon plc ('Pendragon')
Press Clarification
On 27 January 2006, AFX News, a newswire service, carried an article which
included the following statement:
'Pendragon's chief executive Trevor Finn told AFX News that while there was no
current intention to 'go hostile' and make outright bid for Lookers or revise
its offer for Reg Vardy, it was making the discussions public to raise the
debate in the market and among both sets of shareholders.'
Pendragon wishes to clarify that no decision has been made regarding its options
in respect of its possible offer for Lookers or its offer for Reg Vardy.
Pendragon reserves all of the rights available to it under the Takeover Code in
respect of its possible offer for Lookers and its offer for Reg Vardy. In
particular, it reserves the right to make a unilateral offer for Lookers and to
revise, amend, lapse or withdraw its offer for Reg Vardy at any time.
Pendragon PLC Tel: 01623 725 114
Trevor Finn, Chief Executive
David Forsyth, Finance Director
Citigroup Global Markets Limited Tel: 020 7986 4000
Philip Robert-Tissot
Sam Small
Chris Zeal (Corporate Broking)
Finsbury Group Tel: 020 7251 3801
Rupert Younger
Gordon Simpson
Citigroup Global Markets Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting exclusively for
Pendragon and no one else in connection with the matters referred to in this
announcement and will not be responsible to any other person for providing the
protections afforded to clients of Citigroup Global Markets Limited or for
providing advice in relation to the matters referred to in this announcement.
This announcement does not constitute, or form part of, any offer for, or any
solicitation of any offer for, securities. Any acceptance or other response to
the Offer should be made only on the basis of information referred to in the
Offer Document.
The Offer is not being and will not be made, directly or indirectly, in or into,
or by use of the mails of, or by any means or instrumentality (including,
without limitation, facsimile transmission, electronic mail, telex or telephone)
of interstate or foreign commerce of, or any facilities of a national securities
exchange of, the United States, Canada, Australia or Japan and the Offer will
not be capable of acceptance by any such use, means, instrumentality or
facility, directly or indirectly from or within the United States, Canada,
Australia or Japan.
This information is provided by RNS
The company news service from the London Stock Exchange
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