REG - Aston Martin Lagonda - Increased investment by Yew Tree Consortium

Aston Martin Lagonda Global HoldingsAnnouncement

29/09/2023 07:00

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RNS Number : 0888O  Aston Martin Lagonda Glob.Hldgs PLC  29 September 2023

29 September 2023

Aston Martin Lagonda Global Holdings plc

("the "Company")

Increased investment by Yew Tree Consortium

 

The Company announces that it has been informed that on 28 September 2023
certain members of the Yew Tree Consortium have agreed to purchase an
additional 26 million ordinary shares in the Company.  As a result of this
purchase, the Yew Tree Consortium will hold a total of 26.23% of the Company's
issued ordinary share capital.

Regulatory announcements with respect to this purchase by the Yew Tree
Consortium will be made in due course.

Lawrence Stroll, on behalf of the Yew Tree Consortium, said:  "The Yew Tree
Consortium is delighted to increase its ownership in the Company by 3.27%.
This additional investment demonstrates the Yew Tree Consortium's continuing
confidence and belief in the future of Aston Martin.  The Company has
delivered a major turnaround since the Yew Tree Consortium's initial
investment three years ago.  We have rebuilt this iconic company,
transforming it into an ultra-luxury brand, with a portfolio of highly
desirable, performance-driven cars.  This increased investment demonstrates
our continuing, long-term commitment to the Company, our conviction for the
future and the shareholder value the Company will deliver."

 

This Announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation EU 596/2016 as it forms part of UK law by virtue
of the European Union (Withdrawal) Act 2018. The person responsible for
releasing this announcement on behalf of Aston Martin Lagonda Global Holdings
plc is Liz Miles, Company Secretary.

 

 Enquiries

 Investor Relations
 Robert Berg                 +44 (0)7833 080458

                             Robert.berg@astonmartin.com

 Media
 Kevin Watters               +44 (0)7764 386683

kevin.watters@astonmartin.com

 Paul Garbett                +44 (0)7501 380799

 paul.garbett@astonmartin.com

 Teneo

 Harry Cameron               +44 (0)20 7353 4200

 

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