REG - Aston Martin Lagonda - Directorate Change

Aston Martin Lagonda Global HoldingsAnnouncement

13/11/2020 15:25

RNS Number : 3244F
  
Aston Martin Lagonda Global Hld PLC
  
13 November 2020
  
 

13 November 2020
 
 
 
Aston Martin Lagonda Global Holdings plc ("Aston Martin" or the "Company")
Board Change
 
In anticipation of the transactions recently announced by the Company which will, once completed, reduce the shareholding of the Adeem/Primewagon shareholder group (the "Adeem/PW Group") to below 10% of the Company's share capital, the Company announces that in accordance with the Relationship Agreement between the Adeem/PW Group and the Company Mr Mahmoud Samy Mohamed Aly El Sayed, a representative director of the Adeem/PW Group, has elected to step down from the Board with effect from 12 November 2020. Mr. El Sayed has served as a Director of the Company since 7 September 2018 and has been a director within the Group since March 2007.  In accordance with the Relationship Agreement the remaining board seat for the Adeem/PW Group shall continue to be held by Mr Amr Ali Abdallah AbouelSeoud.
The Company thanks Mr. El Sayed for his many years of service and support to the Aston Martin group and wishes him well for the future.
 
 
 
 
Enquiries
 
Investors and Analysts 
Charlotte Cowley   Director of Investor Relations                        +44 (0)7771 976764                                                                                                                          charlotte.cowley@astonmartin.com
Media 
Kevin Watters        Director of Communications                          +44 (0)7764 386683                                                                                                                          kevin.watters@astonmartin.com
 
Grace Barnie         Corporate Communication Manager               +44 (0)7880 903490 

                                                                                                       grace.barnie@astonmartin.com
Tulchan Communications
Harry Cameron and Simon Pilkington                                          +44 (0)20 73534200
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
BOAGPGPPGUPUGAW