Pendragon’s management have officially taken up roles as executive directors of Reg Vardy.

Chief executive Trevor Finn, chief operating officer Martin Casha, finance director David Forsyth and corporate services director Hilary Sykes have taken over the places held by Sir Peter Vardy, Robert Forrester, John Standen and William Teasdale after they resigned yesterday.

Pendragon’s total accepted offers for its 900p per share deal are still rising. Pendragon’s total share capital is currently at 73%, just 2% away from being able to merge its own company with Reg Vardy.