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 £10.8m.
This disposal concludes the disposal of all US dealerships, for which aggregate proceeds of £106.0m have been received.
| Enquiries: Headland Henry Wallers Tel: 0203 805 4822 Headland Jack Gault Tel: 0203 805 4822 |
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.
