Rule 2.11 - Letter to Shareholders

27th Sep 2022

To the shareholders of Pendragon PLC (“Pendragon” or the “Company”), persons with information rights and holders of securities convertible into, rights to subscribe for and options over shares in Pendragon.

Announcement in respect of receipt of an unsolicited proposal regarding a possible offer for Pendragon.

On 26 September 2022, Pendragon announced that, on 21 September 2022, it received an unsolicited, preliminary and highly conditional proposal from Hedin Mobility Group AB (the “Hedin Group”) regarding a possible cash offer for the entire issued and to be issued share capital of Pendragon at 29 pence per share (the “Proposal”).


The full letter can be viewed and downloaded below.