AGM Statement & Directorate Change

30 June 2023

07:00am

Pendragon PLC ("Pendragon" or the "Company")

AGM Statement & Directorate Change

Pendragon PLC is holding its Annual General Meeting at 2.30pm today. Ahead of the event the Company is pleased to report that positive trading momentum has continued in Q2 and performance remains in line with the Board's expectations. Pendragon will provide a full update on trading in July once the quarter's result is finalised.

The Company also announces that Non-executive Chairman Ian Filby has informed the Board that he intends to step down to pursue other interests. The Nomination Committee, led by Senior Independent Director Dietmar Exler, will commence the process to identify and appoint Ian's successor, and is being supported by external consultants.  Ian will continue in his role until this process is complete.   

Dietmar Exler, Senior Independent Director, said: "On behalf of the Board, we thank Ian for his service to Pendragon and wish him all the best for the future."

Ian Filby, Non-executive Chairman, said: "I would like to take this opportunity to thank my fellow Board members, the leadership team and, most importantly, our associates for their commitment to the Company and passion for their work.  I am proud of the progress that has been made both strategically and financially by the leadership team and the stability that this has created. I wish them every success in the future."