REG - Aston Martin Lagonda - Result of General Meeting and issue of equity

Aston Martin Lagonda Global HoldingsAnnouncement

07/05/2025 13:15

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RNS Number : 7256H  Aston Martin Lagonda Glob.Hldgs PLC  07 May 2025

7 May 2025

 

Aston Martin Lagonda Global Holdings plc

("Aston Martin", or the "Company")

 

Results of General Meeting and Issue of equity and total voting rights

 

Aston Martin announces today, following the announcements on 31 March 2025 and
17 April 2025 in relation to the proposed c.£52.5m investment in the Company
by the Yew Tree Consortium (the "Placing"), that its General Meeting held
today electronically by audio webcast at 11.00 a.m. to approve the Placing was
successfully concluded. The resolution put to the General Meeting (the
"Resolution") was duly passed by the Independent Shareholders of the Company
by the majority required on a poll.  The voting results are set out in the
table below and the voting represents 63.4% of the issued share capital of the
Company which is held by Independent Shareholders, totalling 676,193,684
Ordinary Shares.

All definitions are as set out in the Shareholder Circular dated 17 April
2025.

    RESOLUTION                                                                              VOTES
                                                                                            FOR¹                AGAINST            WITHHELD²   TOTAL
           Votes                                                                            %            Votes  %           Votes
 1         THAT, the waiver granted by the Panel of the obligation that would otherwise     404,752,910  94.40  23,990,103  5.60   742,733     428,743,013
           arise on the Yew Tree Consortium (or any member of the Yew Tree Consortium),
           both individually and collectively, to make an offer to the Independent
           Shareholders pursuant to Rule 9 of the Code, as a result of an increase in the
           percentage of shares of the Company carrying voting rights in which the Yew
           Tree Consortium would be interested in to 33.13%, resulting from the
           subscription for 75,000,000 new Ordinary Shares of the Company by the Yew Tree
           Consortium pursuant to the proposed Placing, be and is hereby approved.

 

Notes:

¹   Includes discretionary votes

²    A vote withheld is not a vote in law and is not counted in the
calculation of the votes "For" or "Against" a Resolution

 

 

These results will shortly be available on the Company's website
at www.astonmartinlagonda.com/investor/shareholder-information
(http://www.astonmartinlagonda.com/investor/shareholder-information)  and in
accordance with Listing Rule 6.4.2, will be submitted to the National Storage
Mechanism and will shortly be available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

 

Following the passing of the Resolution, Aston Martin further announces that
applications have been made to the Financial Conduct Authority (the "FCA") and
London Stock Exchange plc (the "London Stock Exchange") for a total of
75,000,000 new Ordinary Shares of £0.10 each in the Company (the "Placing
Shares") to be admitted to listing in the equity shares (commercial companies)
category of the Official List of the FCA and to trading on the main market for
listed securities of the London Stock Exchange (together, "Admission").

It is expected that Admission will become effective on or before 8.00 a.m. on
9 May 2025. The Placing is conditional upon Admission becoming effective and
the Placing Agreement not being terminated in accordance with its terms prior
to Admission. Upon Admission, the Placing Shares will be issued to the Yew
Tree Consortium in accordance with the announcement made by the Company on 31
March 2025 and as more fully described in the Shareholder Circular dated 17
April 2025. The Placing Shares will, when issued, be fully paid and rank pari
passu in all respects with the existing Ordinary Shares in the Company
including, without limitation, the right to receive all dividends and other
distributions declared, made or paid after the date of issue.

Following Admission becoming effective, the total number of Ordinary Shares in
issue in the Company will be 1,011,274,947. The Company does not hold any
shares in treasury. As such, following Admission becoming effective, the total
number of Ordinary Shares in the Company in issue with voting rights will be
1,011,274,947. This figure may be used by shareholders as the denominator for
the calculations by which they determine if they are required to notify their
interest in, or a change in their interest in, the Company under the
Disclosure Guidance and Transparency Rules of the FCA.  For the purposes of
the UK Takeover Code, following Admission, the Yew Tree Consortium will be
interested in 335,081,263 Ordinary Shares, representing 33.13% of the
Company's voting rights.

 

 

ENDS

Enquiries

 

Investors and Analysts

James Arnold                        Head of Investor
Relations                 +44 (0) 7385 222347

 
james.arnold@astonmartin.com (mailto:james.arnold@astonmartin.com)

Ella South                               Investor
Relations Analyst                  +44 (0) 7776 545420

 
 
ella.south@astonmartin.com (mailto:ella.south@astonmartin.com)

Media

 

Kevin Watters                       Director of
Communications                              +44
(0) 7764 386683

 
kevin.watters@astonmartin.com (mailto:kevin.watters@astonmartin.com)

 

FGS Global

James Leviton and Jenny
Bahr
+44 (0) 20 7251 3801

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