Proactiveinvestors United Kingdom Pendragon Group https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Pendragon Group RSS feed en Sun, 21 Jul 2019 18:29:32 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Completion of Sale of Mission Viejo, California ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190703070005_14134196/ Wed, 03 Jul 2019 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190703070005_14134196/ <![CDATA[News - Pendragon boss Herbert shown door after less than three months in charge ]]> https://www.proactiveinvestors.co.uk/companies/news/222929/pendragon-boss-herbert-shown-door-after-less-than-three-months-in-charge-222929.html Pendragon PLC (LON:PDG) chief executive Mark Herbert has been shown the door after the car dealer’s profit warning this month, after less than four months in the driving seat.

The London-listed group said internal operational difficulties as well as a challenging market meant it expected to be “significantly loss making” in its first half and report a “small loss” for the whole year.

READ: Pendragon profit warning sends shares crashing

On Thursday the owner of the Stratstone and Evans Halshaw dealership chains said Herbert, who only started work on 4 March and took the CEO role on 1 April, would hand over the keys with effect from 30 June, with two executive directors sharing control of the wheel until a permanent replacement is appointed.

Chief operating officer Martin Casha and new chief financial officer Mark Willis will report to chairman Chris Chambers on a day to day basis.

Herbert, who joined from conglomerate Jardine Matheson Group (LON:JAR), was appointed to replace Trevor Finn as he retired after 30 years with the company.

But Finn’s last few months in charge saw a succession of profit warnings attributed to external conditions such as new emissions standards and Brexit, with profit forecasts dropping from £47mln before tax in April to a £6.5mln loss.

Dealt a poor hand

Analysts at Liberum said earlier this month that Herbert and Willis had been dealt a “very poor hand” by the previous management team, which had built up used car stock at the end of 2018 and is now being cleared at a significant cost to margin.

Alongside this month’s profit warning, Herbert had said the company saw “significant potential for future profitable growth” and promised a review of the business and a strategy update in September.

As a result of his departure this review has been postponed until the appointment of a new CEO.

Said Chambers: “The board remains fully committed to realising the long-term strategy.  In the nearer term, despite challenging market conditions and the costly stock reduction programme, our focus will remain on taking steps to improve the performance of the business as outlined in our recent financial and operational review."

Pendragon shares were down 4% to 16.96p, levels not seen since 2012.

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Thu, 27 Jun 2019 08:51:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222929/pendragon-boss-herbert-shown-door-after-less-than-three-months-in-charge-222929.html
<![CDATA[RNS press release - Directorate Change ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190627070015_14126229/ Thu, 27 Jun 2019 07:00:15 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190627070015_14126229/ <![CDATA[News - Pendragon downgraded to 'sell' by Liberum after profit warning ]]> https://www.proactiveinvestors.co.uk/companies/news/222225/pendragon-downgraded-to--sell--by-liberum-after-profit-warning-222225.html Pendragon PLC’s (LON:PDG) problems are “multiple and deep-rooted”, according to analysts at Liberum.

Liberum cut its recommendation on Pendragon’s shares to ‘sell’ from ‘hold’ and slashed its target price to 10p from 22p after the car dealer issued a profit warning for its current financial year.

In an update last week, the company forecast a “small” pre-tax loss for the full year after a poor first-half performance amid difficult market conditions. 

READ: Pendragon profit warning sends shares crashing

Pendragon attributed the bleak forecast to an acceleration in car store losses over the year as well as a significant increase in used car stock at the end of the prior year and higher costs, particularly in its aftersales arm.

“The pace and magnitude of estimate cuts at Pendragon is remarkable,” Liberum said.

“We have gone from a £47mln 2019 pre-tax profit forecast in April to -£6.5mln now.”

“With £4.6bn of sales and a 0.5% EBIT margin, operational gearing is extreme and the new management team faces an uphill battle.”

Liberum said the scale of change required is “immense” and tough market conditions will not help.

The broker acknowledged that the new chief executive, Mark Herbert, and new chief financial officer, Mark Willis, have been dealt a “very poor hand” by the previous management team, which had built up used car stock at the end of 2018 and is now being cleared at a significant cost to margin.

“We would like to think that, once cleared (by the end of the second quarter), there will be a clean slate and a good opportunity for recovery,” Liberum said.

“Our concern is that, while execution could be improved, many of the issues are deep-rooted and possibly cultural.”

“To effect change at head office and across c.180 dealerships will not be easy and it will take time to change behaviour (eg used car buying and selling practices).”

In mid-morning trading, shares edged down 0.8% to 17.75p.

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Mon, 17 Jun 2019 10:20:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222225/pendragon-downgraded-to--sell--by-liberum-after-profit-warning-222225.html
<![CDATA[RNS press release - PENDRAGON PLC - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201906140952PR_NEWS_UKDISCLO_0084/ Fri, 14 Jun 2019 14:52:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201906140952PR_NEWS_UKDISCLO_0084/ <![CDATA[RNS press release - PENDRAGON PLC - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201906130705PR_NEWS_UKDISCLO_0064/ Thu, 13 Jun 2019 12:05:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201906130705PR_NEWS_UKDISCLO_0064/ <![CDATA[News - Pendragon profit warning sends shares crashing ]]> https://www.proactiveinvestors.co.uk/companies/news/221964/pendragon-profit-warning-sends-shares-crashing-221964.html Shares in Pendragon PLC (LON:PDG) crashed on Wednesday after the car dealer issued a profit warning for its current financial year.

The firm said in an update that as a result of a challenging market as well as internal operational difficulties it expected to be “significantly loss making” in its first half before returning to profitability in the second.

READ: Pendragon sells off two Jaguar Land Rover dealerships in California

However, this wouldn’t be enough to offset the initial fall and as a result the company forecast a “small” pre-tax loss for the full year.

Pendragon attributed the bleak forecast to an acceleration in car store losses over the year as well as a significant increase in used car stock at the end of the prior year and higher costs, particularly in its aftersales arm.

The owner of Stratstone and Evans Halshaw shocked the market in April with a surprise loss in its first quarter as a general decline in car sales and stricter emissions regulations have all dented demand from consumers.

READ: Pendragon shares crash as car dealer slumps to surprise first-quarter loss

The problems have also been persistent, with new car registrations falling 3.1% in the year to May and declines in sales and valuations of used cars.

Mark Herbert, Pendragon’s chief executive, said that while the expected loss for the year was “disappointing”, the company saw significant opportunities to return to profitable growth and would continue to review the business prior to a strategy update in September.

This did little to assuage the market, however, with the shares tumbling 22.5% to 17.8p in mid-afternoon trading.

“Short-term pain” needed to fix issues, says broker

In a note, analysts at Jefferies cut their target price for Pendragon to 23p from 25p and maintained their ‘hold’ rating, saying that “short-term pain” was needed to refocus the company’s strategy and address inefficiencies in the business.

The broker added that despite the significant profit downgrades, the group’s balance sheet remained safe with its net debt to earnings (EBITDA) multiples “comfortably below” its covenants.

Meanwhile, analysts at Liberum maintained their ‘hold’ rating and 22p price target on Pendragon, saying that while a tougher macro picture had compounded the company’s woes, most of the newly lowered forecast was “self-inflicted” by a legacy of the firm’s previous management, with current CEO Mark Herbert having taken over from Trevor Finn in March.

They also said that given the difficult market and a “wide range” of execution issues to orchestrate a turnaround any recovery would be “a difficult and slow process”.

“Painful recovery” likely

Also commenting on the update, AJ Bell investment director Russ Mould said while Pendragon’s new management team had completed a review and were laying out a plan to fix the business, market conditions were working against them and the recovery was likely to be “painful”.

“Businesses like Pendragon operate like a tread mill. They need to keep sales ticking over in order to maintain their health. If something bad happens, they fall off the tread mill and become unhealthy”, Mould said.

He added that the car industry was currently being “dented from all sides”, with car production falling 24% in April, the biggest decline since records began in 1995.

Mould also said that the “highly competitive” used car market wouldn’t help Pendragon’s fortunes as it was currently sitting on a massive amount of second-hand stock that needed to be offloaded.

--Adds furtehr analyst comment, updates share price--

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Wed, 12 Jun 2019 10:46:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/221964/pendragon-profit-warning-sends-shares-crashing-221964.html
<![CDATA[RNS press release - Outcome of Financial & Operational Review ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190612070004_14107266/ Wed, 12 Jun 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190612070004_14107266/ <![CDATA[News - Pendragon sells off two Jaguar Land Rover dealerships in California ]]> https://www.proactiveinvestors.co.uk/companies/news/219550/pendragon-sells-off-two-jaguar-land-rover-dealerships-in-california-219550.html Pendragon PLC (LON:PDG) shares nudged higher on Thursday morning after agreeing to sell off a couple of Jaguar Land Rover dealerships in California.

The dealership in Mission Viejo is being sold to US group Lithia Motors for £29mln, while a showroom in Newport Beach has been offloaded to US Auto Trust for £31mln.

Mission Viejo was valued in Pendragon’s books at £24.6mln and generated an underlying profit of £0.9mln last year.

The Newport Beach site had a value of £42.9mln and turned an underlying profit of £6.0mln in 2018.

Pendragon said the disposals were part of its strategy to get out of the US market.

Shares edged 0.9% higher to 22.8p in early deals on Thursday.

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Thu, 02 May 2019 08:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219550/pendragon-sells-off-two-jaguar-land-rover-dealerships-in-california-219550.html
<![CDATA[RNS press release - US Motor Group - Disposal of certain Dealerships ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190502070004_14060219/ Thu, 02 May 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190502070004_14060219/ <![CDATA[RNS press release - PENDRAGON PLC - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201904250815PR_NEWS_UKDISCLO_0073/ Thu, 25 Apr 2019 13:15:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201904250815PR_NEWS_UKDISCLO_0073/ <![CDATA[RNS press release - PENDRAGON PLC - Directorate Change ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201904180200PR_NEWS_UKDISCLO_0003/ Thu, 18 Apr 2019 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201904180200PR_NEWS_UKDISCLO_0003/ <![CDATA[RNS press release - PENDRAGON PLC - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201904170654PR_NEWS_UKDISCLO_0064/ Wed, 17 Apr 2019 11:54:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201904170654PR_NEWS_UKDISCLO_0064/ <![CDATA[News - Pendragon shares crash as car dealer slumps to surprise first-quarter loss ]]> https://www.proactiveinvestors.co.uk/companies/news/218754/pendragon-shares-crash-as-car-dealer-slumps-to-surprise-first-quarter-loss-218754.html Pendragon PLC (LON:PDG) crashed on Wednesday morning after the new and used car dealer fell to a surprise loss in the first quarter.

The Stratstone and Evans Halshaw owner, along with most of its peers, has endured a tough year or so.

Car sales have been steadily falling as nervous consumers hold off on big-ticket purchases, while new emissions regulations have also dented demand.

READ: Pendragon blames Brexit for sharp drop-off in new car sales

As a result, dealers have had to cut prices of new and used vehicles in a bid to clear their showrooms, which has protected the top line but hammered margins.

Pendragon reported 9.1% fall in profits from new car sales in the three months to the end of March, while profits from used cars fell 1.6%. Aftersales profits also tumbled by 9.0%.

At the same time as having to slash prices, Pendragon saw operating costs rise 3.3% which put even more pressure on margins.

Those issues meant Pendragon slumped to a £2.8mln loss in the first quarter. Bosses had been hopeful of a profit of £6mln, possibly more.

New chief executive Mark Herbert and his righthand man, finance boss Mark Willis, are undertaking a review of the business, the results of which will be published over summer.

Shares fell 5.1% to 23.9p on Wednesday morning.

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Wed, 17 Apr 2019 08:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218754/pendragon-shares-crash-as-car-dealer-slumps-to-surprise-first-quarter-loss-218754.html
<![CDATA[RNS press release - PENDRAGON PLC INTERIM MANAGEMENT STATEMENT ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190417070003_14043822/ Wed, 17 Apr 2019 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190417070003_14043822/ <![CDATA[RNS press release - PENDRAGON PLC - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201904010534PR_NEWS_UKDISCLO_0049/ Mon, 01 Apr 2019 10:34:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201904010534PR_NEWS_UKDISCLO_0049/ <![CDATA[News - Pendragon blames Brexit as annual profits drop, buyback paused ]]> https://www.proactiveinvestors.co.uk/companies/news/216267/pendragon-blames-brexit-as-annual-profits-drop-buyback-paused-216267.html Pendragon PLC (LON:PDG) has blamed Brexit for a sharp drop-off in new car sales last year.

The car dealership group, which owns the Stratstone and Evans Halshaw brands, saw revenue in 2018 fall 4.0%to £4.07bn (2017: £4.24bn) while operating profits dropped 9.1% to £76.2mln (2017: £83.8mln).

READ: Pendragon appoints Mark Herbert to replace outgoing CEO Trevor Finn

Given the drop-off in performance, Pendragon trimmed its total dividend payout for the year to 1.50p (2017P: 1.55p), while it also paused its share buyback programme last month.

“Economic and market conditions remain relatively subdued and the expected UK exit from the EU has resulted in a continuing level of uncertainty in terms of consumer confidence, manufacturer behaviour in respect of new car supply and the possible impact of tariffs and currency movements,” read Tuesday’s results statement.

As a result, sales of new cars fell 3.8% last year, while new car profits plunged 8.3% as Pendragon’s dealerships cut their prices in a bid to clear their showrooms.

Things were more positive in used car sales, though. Revenue fell 0.9% in 2017 compared to the previous year, but gross profit rose almost 5% thanks to strengthening margins in that side of the business.

Used car profits up

“New car sales have been subdued and consumer confidence has been adversely affected in the period by macro newsflow,” said chief executive Trevor Finn, who is stepping down at the end of the month.

“We have seen strong performance in used cars in the second half of the year, with the transformation of preparation facilities and processes now embedded in our Car Stores.

“We anticipate this will carry on into 2019 and beyond as our new Car Store businesses further boost our used car growth.”

Pendragon shares edged 1.1% lower to 26.1p in early trading on Tuesday.

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Tue, 12 Mar 2019 08:36:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/216267/pendragon-blames-brexit-as-annual-profits-drop-buyback-paused-216267.html
<![CDATA[RNS press release - Results for year ended 31 December 2018 ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190312070019_13998145/ Tue, 12 Mar 2019 07:00:19 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190312070019_13998145/ <![CDATA[RNS press release - PENDRAGON PLC - Directorate Change ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902270200PR_NEWS_UKDISCLO_0002/ Wed, 27 Feb 2019 07:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902270200PR_NEWS_UKDISCLO_0002/ <![CDATA[News - Pendragon appoints Mark Herbert to replace outgoing CEO Trevor Finn ]]> https://www.proactiveinvestors.co.uk/companies/news/214805/pendragon-appoints-mark-herbert-to-replace-outgoing-ceo-trevor-finn-214805.html Pendragon PLC (LON:PDG) has appointed Mark Herbert as its new chief executive to replace outgoing boss Trevor Finn.

The car dealership operator said Herbert would assume the role from 1 April after Finn retires at the end of March.

READ: Pendragon says Ten Entertainment's Mark Willis to replace outgoing Tim Holden as CFO

Herbert will join Pendragon from conglomerate Jardine Matheson Group (LON:JAR), where he held the positions of group finance director and CEO of the Jardine Motors arm.

He also previously served as CEO of Cold Storage Singapore and chairman of DFI Lucky Cambodia, part of Jardine subsidiary Dairy Farm International Holdings.

Finn’s retirement, which was announced in December, followed the departure of financial director Tim Holden in October, who was replaced by the chief financial officer of Ten Entertainment Group (LON:TEG) Mark Willis.

Herbert said: “I am looking forward to leading the Company through the next phase of its development, working alongside our highly capable team members and business partners to implement our strategy.”

Pendragon’s chairman, Chris Chambers, added that Herbert was “the ideal person to lead Pendragon through the next phase of its development and we all look forward to working with him as we continue to implement our established strategy”.

READ: Pendragon's quarterly profits hit by new emissions standards

In a note to clients, analysts at broker Liberum said Herbert’s “broad skills and experience, including some UK motor retail make for an interesting appointment”, although added that the challenge at the company was “large” as it continued efforts to shift its offering more toward the used car market to offset falling demand for new cars.

In mid-morning trading Monday, Pendragon shares were up 0.6% at 27p.

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Mon, 18 Feb 2019 09:52:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/214805/pendragon-appoints-mark-herbert-to-replace-outgoing-ceo-trevor-finn-214805.html
<![CDATA[RNS press release - PENDRAGON PLC - Directorate Change ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902180200PR_NEWS_UKDISCLO_0012/ Mon, 18 Feb 2019 07:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902180200PR_NEWS_UKDISCLO_0012/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902081221PR_NEWS_UKDISCLO_0088/ Fri, 08 Feb 2019 17:21:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902081221PR_NEWS_UKDISCLO_0088/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902071228PR_NEWS_UKDISCLO_0094/ Thu, 07 Feb 2019 17:28:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902071228PR_NEWS_UKDISCLO_0094/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902061200PR_NEWS_UKDISCLO_0100/ Wed, 06 Feb 2019 17:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902061200PR_NEWS_UKDISCLO_0100/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902051208PR_NEWS_UKDISCLO_0106/ Tue, 05 Feb 2019 17:08:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902051208PR_NEWS_UKDISCLO_0106/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902041209PR_NEWS_UKDISCLO_0093/ Mon, 04 Feb 2019 17:09:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902041209PR_NEWS_UKDISCLO_0093/ <![CDATA[RNS press release - Notice of results ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190204070006_13956331/ Mon, 04 Feb 2019 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/LSE20190204070006_13956331/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902011211PR_NEWS_UKDISCLO_0138/ Fri, 01 Feb 2019 17:11:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201902011211PR_NEWS_UKDISCLO_0138/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901311209PR_NEWS_UKDISCLO_0112/ Thu, 31 Jan 2019 17:09:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901311209PR_NEWS_UKDISCLO_0112/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901301205PR_NEWS_UKDISCLO_0096/ Wed, 30 Jan 2019 17:05:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901301205PR_NEWS_UKDISCLO_0096/ <![CDATA[RNS press release - PENDRAGON PLC - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901300500PR_NEWS_UKDISCLO_0032/ Wed, 30 Jan 2019 10:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901300500PR_NEWS_UKDISCLO_0032/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901281201PR_NEWS_UKDISCLO_0097/ Mon, 28 Jan 2019 17:01:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901281201PR_NEWS_UKDISCLO_0097/ <![CDATA[RNS press release - PENDRAGON PLC - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901280936PR_NEWS_UKDISCLO_0075/ Mon, 28 Jan 2019 14:36:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901280936PR_NEWS_UKDISCLO_0075/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901251205PR_NEWS_UKDISCLO_0094/ Fri, 25 Jan 2019 17:05:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901251205PR_NEWS_UKDISCLO_0094/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901241233PR_NEWS_UKDISCLO_0101/ Thu, 24 Jan 2019 17:33:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901241233PR_NEWS_UKDISCLO_0101/ <![CDATA[RNS press release - PENDRAGON PLC - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901231228PR_NEWS_UKDISCLO_0107/ Wed, 23 Jan 2019 17:28:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901231228PR_NEWS_UKDISCLO_0107/ <![CDATA[RNS press release - PENDRAGON PLC - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901231227PR_NEWS_UKDISCLO_0104/ Wed, 23 Jan 2019 17:27:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901231227PR_NEWS_UKDISCLO_0104/ <![CDATA[RNS press release - PENDRAGON PLC - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901231226PR_NEWS_UKDISCLO_0102/ Wed, 23 Jan 2019 17:26:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901231226PR_NEWS_UKDISCLO_0102/ <![CDATA[RNS press release - PENDRAGON PLC - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901231222PR_NEWS_UKDISCLO_0101/ Wed, 23 Jan 2019 17:22:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901231222PR_NEWS_UKDISCLO_0101/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901231206PR_NEWS_UKDISCLO_0095/ Wed, 23 Jan 2019 17:06:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901231206PR_NEWS_UKDISCLO_0095/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901211202PR_NEWS_UKDISCLO_0095/ Mon, 21 Jan 2019 17:02:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901211202PR_NEWS_UKDISCLO_0095/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901181210PR_NEWS_UKDISCLO_0091/ Fri, 18 Jan 2019 17:10:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901181210PR_NEWS_UKDISCLO_0091/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901171206PR_NEWS_UKDISCLO_0092/ Thu, 17 Jan 2019 17:06:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901171206PR_NEWS_UKDISCLO_0092/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901161205PR_NEWS_UKDISCLO_0088/ Wed, 16 Jan 2019 17:05:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901161205PR_NEWS_UKDISCLO_0088/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901151214PR_NEWS_UKDISCLO_0102/ Tue, 15 Jan 2019 17:14:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901151214PR_NEWS_UKDISCLO_0102/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901141219PR_NEWS_UKDISCLO_0106/ Mon, 14 Jan 2019 17:19:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901141219PR_NEWS_UKDISCLO_0106/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901111209PR_NEWS_UKDISCLO_0098/ Fri, 11 Jan 2019 17:09:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901111209PR_NEWS_UKDISCLO_0098/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901101209PR_NEWS_UKDISCLO_0103/ Thu, 10 Jan 2019 17:09:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901101209PR_NEWS_UKDISCLO_0103/ <![CDATA[RNS press release - PENDRAGON PLC - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901100547PR_NEWS_UKDISCLO_0039/ Thu, 10 Jan 2019 10:47:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901100547PR_NEWS_UKDISCLO_0039/ <![CDATA[RNS press release - PENDRAGON PLC - Transaction in Own Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901091204PR_NEWS_UKDISCLO_0090/ Wed, 09 Jan 2019 17:04:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3208/PRNRNS_201901091204PR_NEWS_UKDISCLO_0090/