Statement re. Press Comment

RNS Number : 9049P

Pendragon PLC

01 April 2009

 



01 April 2009

No: 630

Pendragon PLC ('Pendragon' or the 'Group') 

The Board of Pendragon notes the increase in the Group's share price following recent press speculation about a potential restructuring of its existing borrowing arrangements.

Pendragon confirms it has been reviewing its financing structure in light of the current economic climate.  As part of that review we can confirm that we are having discussions with lenders regarding changes to our loan agreements which would make them more appropriate for anticipated future trading conditions.

We will make a further announcement when appropriate.

For further information, please contact:

Pendragon PLC                Trevor Finn, Chief Executive                                Tel: [phone]

                                        David Forsyth, Finance Director

Finsbury                           Rollo Head/Gordon Simpson                                Tel: [phone]

01 April 2009

-ENDS-

 

END

 

 

SPCIBMLTMMIMMFL