Key Developments: Pendragon PLC (PDG.L)
25.00GBp
11:35am EDT
0.50p (+2.04%)
24.50p
24.50p
25.00p
24.50p
111,639
570,319
27.00p
13.50p
Latest Key Developments (Source: Significant Developments)
Pendragon Plc Announces Holding Interest Of Odey Asset Management LLP
Pendragon Plc announced that Odey Asset Management LLP holds 379,518, 259 shares, representing 26.42% of voting rights in the Company. Full Article
Pendragon PLC Announces Dividend Payment Date And Associated Ex-Dividend Date
Pendragon PLC announced that following to the announcement of a proposed final dividend of 0.1 pence in respect of 2012 made earlier, the Company that the proposed dividend will be paid on May 30, 2013. The associated ex-dividend date is May 08, 2013 and the record date is May 10, 2013. Full Article
Pendragon PLC Announces Appointment Of Chairman
Pendragon PLC announced that Mel Egglenton has been appointed as Chairman designate of motor retail group, Pendragon, to take up the role at the close of the AGM on May 22, 2013, succeeding Mike Davies, who will retire from the Board and as Chairman at the 2013 AGM after eight years as a non-executive director. Full Article
Pendragon PLC Makes Listing Application For Ordinary Shares
Pendragon PLC announced that it has made a listing application for 1,085,583 ordinary shares at the value of GBP 5 per share, to be admitted to the Official List of the United Kingdom Listing Authority and to trading on the London Stock Exchange. The shares will be issued fully paid and will rank pari passu in all respects with the existing issued ordinary shares of the Company. This figure represents shares issued pursuant to the exercise of warrants on the January 25, 2013 that were issued to the Company's lenders as part of the refinancing of bank facilities in 2009. Following the issue of 1,085,583 ordinary shares and their admission to trading, the Company has 1,437,757,877 ordinary shares at the value of GBP 5 per each share in issue, representing a total ordinary share capital of GBP 71,887,893.85. The voting rights attached to the ordinary shares are on the basis of one vote per share, representing total voting rights of 1,437,757,877. Full Article
Pendragon PLC Does Not Propspe Interim Dividend
Pendragon PLC announced that no dividends have been paid or proposed during the six months ended June 30, 2011. Full Article
Pendragon PLC Announces Result Of Rights Issue
Pendragon PLC announced that it has received valid acceptances in respect of 508,847,456 New Ordinary Shares representing approximately 67.70% of the total number of New Ordinary Shares offered to Qualifying Shareholders pursuant to the nine for eight Rights Issue announced by Pendragon on July 14, 2011 and which closed on August 16, 2011. It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts as soon as practicable after, August 17, 2011, and definitive share certificates in respect of the New Ordinary Shares in certificated form will be dispatched to Shareholders by August 26, 2011. In accordance with the Underwriting Agreement, RBS Hoare Govett Limited, Barclays Bank PLC and Arden Partners PLC will be seeking to procure subscribers for the remaining New Ordinary Shares, net of fractional entitlements, for which valid acceptances were not received. This amounts to 242,730,167 New Ordinary Shares. The net proceeds from a placing of these New Ordinary Shares, after the deduction of the Issue Price of GBP0.10 per New Ordinary Share and the expenses of procuring subscribers will be paid to those Shareholders whose rights have lapsed in accordance with the terms of the Rights Issue pro rata to their lapsed provisional allotments, save that individual amounts of less than GBP5.00 will not be paid to such persons but will be retained for the benefit of Pendragon. Full Article
Pendragon PLC Proposes Right Issue
Pendragon PLC announced a proposed fully underwritten Rights Issue to raise gross proceeds of approximately GBP75.2 million (approximately GBP70.8 million net of expenses). Nine for eight Rights Issue of 751,577,623 New Ordinary Shares at an issue price of GBP0.10 per share: Represents a 35.6% discount to the theoretical ex-rights price and a discount of 54% to the Closing Price of an Existing Ordinary Share of GBP0.2175 on July 13, 2011 (being the latest practicable date prior to the date of this announcement). The New Ordinary Shares to be issued will represent approximately 52.9% of the Enlarged Share Capital following the Rights Issue. The proceeds of the Rights Issue will allow the Group to improve its level of financial indebtedness towards the previously stated long-term Debt: Underlying EBITDA ratio target of 2:1. Full Article
RPT-Fitch Assigns Pendragon's GBP175m Bond Final 'B+' Rating
May 14 - (The following statement was released by the rating agency)
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
