REG - Aston Martin Lagonda - Holding(s) in Company

Aston Martin Lagonda Global HoldingsAnnouncement

09/12/2020 13:30

RNS Number : 1058I
  
Aston Martin Lagonda Global Hld PLC
  
09 December 2020
  
 

TR-1: Standard form for notification of major holdings
 



NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i










1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: 


Aston Martin Lagonda Global Holdings plc




1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)




Non-UK issuer








2. Reason for the notification (please mark the appropriate box or boxes with an "X")




An acquisition or disposal of voting rights


X




An acquisition or disposal of financial instruments








An event changing the breakdown of voting rights


X




Other (please specify)iii:








3. Details of person subject to the notification obligationiv




Name


Lawrence Stroll




City and country of registered office (if applicable)


N/A




4. Full name of shareholder(s) (if different from 3.)v




Name


Securities Services Nominees Limited




City and country of registered office (if applicable)


London, United Kingdom




5. Date on which the threshold was crossed or reachedvi:


7 December 2020




6. Date on which issuer notified (DD/MM/YYYY):


9 December 2020




7. Total positions of person(s) subject to the notification obligation








% of voting rights attached to shares (total of 8. A)


% of voting rights through financial instruments

(total of 8.B 1 + 8.B 2)


Total of both in % (8.A + 8.B)


Total number of voting rights of issuervii




Resulting situation on the date on which threshold was crossed or reached


21.58%


N/A


21.58%


                                                                                      495,999,277
 




Position of previous notification (if 
applicable)


24.99%


N/A


24.99%


76,000,000












 



8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii




A: Voting rights attached to shares




Class/type of

shares
ISIN code (if possible)


Number of voting rightsix


% of voting rights




Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)


Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)




GB00BFXZC448


N/A


495,999,277


N/A


21.58%
















































SUBTOTAL 8. A


495,999,277


21.58%




 
 




B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))




Type of financial instrument


Expiration

datex


Exercise/

Conversion Periodxi


Number of voting rights that may be acquired if the instrument is 
exercised/converted.


% of voting rights














































































SUBTOTAL 8. B 1












 
 




B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))




Type of financial instrument


Expiration

datex


Exercise/

Conversion Period xi


Physical or cash 
settlementxii


Number of voting rights 


% of voting rights






























































































SUBTOTAL 8.B.2












 
 
 















 



9. Information in relation to the person subject to the notification obligation (please mark the 
applicable box with an "X")




Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii








Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)


X




Namexv


% of voting rights if it equals or is higher than the notifiable threshold


% of voting rights through financial instruments if it equals or is higher than the notifiable threshold


Total of both if it equals or is higher than the notifiable threshold




Lawrence Stroll


21.58%


N/A


21.58%




MSM Trust Corporation as trustee of 
The Wellington Trust


17.24%


N/A


17.24%




Flair Investment 
Holdings Limited


17.24%


N/A


17.24%




Elevage Limited


17.24%


N/A


17.24%




Yew Tree Overseas Limited


17.24%


N/A


17.24%




Securities Services Nominees Limited


18.61%


N/A


18.61%










10. In case of proxy voting, please identify:




Name of the proxy holder








The number and % of voting rights held








The date until which the voting rights will be held














11. Additional informationxvi




Pursuant to the irrevocable undertaking given by Yew Tree Overseas Limited ("Yew Tree") on 27 October 2020, Yew Tree agreed to subscribe for 40,000,000 new ordinary shares (the "Placing Shares") to be issued by Aston Martin Lagonda Global Holdings plc ("AML") under the placing announced by AML on 27 October 2020 (the "Placing").
 
The change in Lawrence Stroll's indirect percentage holding of voting rights in AML detailed in this notification is as a result of both (i) the issue of the Placing Shares and (ii) the dilution resulting from the issue of shares by AML to third parties, both pursuant to the Placing and pursuant to the strategic co-operation agreement with Mercedes-Benz AG as described in the prospectus published by AML on 18 November 2020.
 
The other members of the consortium of AML shareholders led by Yew Tree, being Saint James Invest SA, J.C.B. Research, RRRR Investments LLC, FrancInvest Holding Corporation, John Idol, Omega Funds I Limited and ErsteAM Ltd (the "Other Consortium Members") have given personal undertakings to Lawrence Stroll that they will exercise the voting rights attaching to the shares in AML directly or indirectly held by them in accordance with Lawrence Stroll's instructions. Lawrence Stroll therefore indirectly holds the voting rights attaching to the shares in AML directly and indirectly held by the Other Consortium Members.
 
Securities Services Nominees Limited holds a number of AML shares as nominee for other shareholders in addition to the shares it holds in its capacity as nominee for Yew Tree, hence the discrepancy between the percentages of voting rights held by Securities Services Nominees Limited and Yew Tree in Box 9 above.
 










 



Place of completion


London, United Kingdom




Date of completion


9 December 2020



 
 

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