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Reg Vardy faces Pendragon control by New Year

Reg Vardy could be under Pendragon control before the end of the month.

Pendragon has notified Reg Vardy shareholders of a deadline to sign off ‘forms of acceptance’ by 3pm December 28.

Copies of the offer documents and forms of acceptance will be available for collection by Reg Vardy shareholders from the offices of Citigroup Global Markets, Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB.

In addition, Pendragon will today be posting details of its offer to its own shareholders and drawing them together at an extraordinary general meeting in Loxley House, Nottingham on December 22.

Here, Pendragon will discuss the acquisition of Reg Vardy and its funding.

Pendragon offered 800 pence per share yesterday.

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