Director/PDMR Shareholding

No: 689

                                                                               

                 PENDRAGON PLC ("Pendragon" or the "Company")                  

Acquisitions and disposals of ordinary shares

Following transactions occurring on 05 April 2011, the directors have notified
the Company that they have all invested their total net bonuses for 2010 in
Pendragon ordinary shares, and the number of shares each director has acquired
is as follows:-

Director   Number of Shares acquired Percentage of issued Price per share
                                                                         
                                     capital                             
                                                                         
T G Finn   748,730                   0.112%               £0.2275        
                                                                         
M S Casha  415,961                   0.062%               £0.2275        
                                                                         
T P Holden 294,807                   0.044%               £0.2275        
                                                                         
H C Sykes  207,982                   0.031%               £0.2275        
                                                                         

 

The directors have also notified the Company that following these purchases,
they have sold the following ordinary shares:-

 

Director   Number of Shares sold Percentage of issued capital Price per share
                                                                             
T G Finn   748,730               0.112%                       £0.2275        
                                                                             
M S Casha  415,961               0.062%                       £0.2275        
                                                                             
T P Holden 294,807               0.044%                       £0.2275        
                                                                             
H C Sykes  207,982               0.031%                       £0.2275        
                                                                             

 

The executive directors' respective beneficial holdings in Pendragon ordinary
shares are detailed below:-

 

Director   Holding    % of Share Capital
                                        
T G Finn   17,384,946 2.60              
                                        
M S Casha  5,101,972  0.76              
                                        
T P Holden 300,000    0.04              
                                        
H C Sykes  1,844,662  0.27              
                                        

 

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

Conditional awards for 2011 under the Pendragon Long Term Incentive Plan 2011
("LTIP")

The 2011 matching and performance award under the LTIP was granted on 05 April
2011 to the executive directors listed below:-

 

Director   Number of matching awards Number of performance awards
                                                                 
T G Finn   1,480,513                 1,974,020                   
                                                                 
M S Casha  822,507                   1,096,678                   
                                                                 
T P Holden 582,941                   777,257                     
                                                                 
H C Sykes  411,252                   548,339                     
                                                                 

 

Matching awards are an award over a fixed number of ordinary shares that
matches (based on the gross amount a director would have invested were it not
for the deduction of tax and employee national insurance contributions) the
number of ordinary shares that the directors have chosen to purchase using
annual bonus for 2010.  The maximum performance award is equivalent of 100% of
the executive's annual base salary.

Vesting of the matching and performance awards under the LTIP is subject to the
satisfaction of performance conditions based on achieving defined earnings per
share targets over a three year period.

HILARY C SYKES

05 APRIL 2011

 

Enquiries:                    Pendragon PLC                                   
Trevor Finn                  Tel: [phone]

Tim Holden    

                                    Finsbury                                 
Gordon Simpson          Tel: [phone]

                                    -ENDS-