Pendragon PLC Sale of Hornburg Jaguar Land Rover, SMCA (0994U)
March 31 2021 - 03:00AM
UK Regulatory
TIDMPDG
RNS Number : 0994U
Pendragon PLC
31 March 2021
Pendragon PLC
("Pendragon" or the "Company")
Completion of Sale of Hornburg Jaguar Land Rover, Santa Monica,
California
Further to the announcement on 15 December 2020 concerning the
disposal of the trade and assets of its Jaguar and Land Rover motor
vehicle dealership located in Santa Monica, California, Pendragon
is pleased to announce the completion of the sale (the
"Transaction").
The Transaction duly completed on 29 March 2021 with the
purchaser, Redwood Automotive LLC ("Redwood"), the operator of a
privately owned dealership group, following fulfilment of all
closing conditions and with total proceeds for the Company of
GBP10.8m.
This disposal concludes the disposal of all US dealerships, for
which aggregate proceeds of GBP106.0m have been received.
Enquiries:
Headland Henry Wallers Tel: 0203 805 4822
Headland Jack Gault Tel: 0203 805 4822
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DISSDDSWFEFSEED
(END) Dow Jones Newswires
March 31, 2021 04:00 ET (08:00 GMT)
Pendragon (LSE:PDG)
Historical Stock Chart
From Feb 2024 to Mar 2024
Pendragon (LSE:PDG)
Historical Stock Chart
From Mar 2023 to Mar 2024