REG - Aston Martin Lagonda - Statement regarding media comments

Aston Martin Lagonda Global HoldingsAnnouncement

31/03/2025 17:15

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RNS Number : 0008D  Aston Martin Lagonda Glob.Hldgs PLC  31 March 2025

 

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31 March 2025

Aston Martin Lagonda Global Holdings plc

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

 

Statement regarding Media Comments

 

Aston Martin and Lawrence Stroll note the press reports of comments made by
Lawrence Stroll in an interview regarding the proposed investment by the Yew
Tree Consortium in the Company which was announced this morning.

Lawrence Stroll clarifies that these comments were not intended to be a
statement to which either Rule 2.4 or Rule 2.8 of the City Code on Takeovers
and Mergers ("Code") applies, nor intended to carry any other consequences
under the Code.

The Takeover Panel Executive has confirmed that the comments made will not be
treated as either a possible offer announcement under Rule 2.4 of the Code or
a statement of intention not to make an offer for the purposes of Rule 2.8 of
the Code.

As announced earlier today, in relation to the proposed investment by the Yew
Tree Consortium, the Company proposes to (i) seek a waiver from the Panel on
Takeovers and Mergers (the "Panel") (the "Waiver"); and (ii) obtain the
approval of the Waiver by way of a majority resolution (the "Resolution") of
the independent shareholders of the Company (being all shareholders of the
Company other than those shareholders who are members of the Yew Tree
Consortium) (the "Independent Shareholders") at a general meeting of the
Company (the "General Meeting"). The Waiver and the Resolution will be sought
in relation to a potential increase in the Yew Tree Consortium's shareholding
to up to 35% of the issued share capital of the Company.

To convene the General Meeting to propose the Resolution, the Company intends
to publish a Panel-approved circular to its shareholders (the "Circular") in
due course. Such a Circular will contain a notice of General Meeting at which
the Company will seek approval of the Resolution from the Independent
Shareholders.

The person responsible for releasing this announcement on behalf of the
Company is Liz Miles, Company Secretary.

 

Investors and Analysts

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

 
 
                    james.arnold@astonmartin.com

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

 
 
                      ella.south@astonmartin.com

Media

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

 
 
                       kevin.watters@astonmartin.com

FGS Global

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

 

About Aston Martin Lagonda:

Aston Martin's vision is to be the world's most desirable, ultra-luxury
British brand, creating the most exquisitely addictive performance cars.

Founded in 1913 by Lionel Martin and Robert Bamford, Aston Martin is
acknowledged as an iconic global brand synonymous with style, luxury,
performance, and exclusivity. Aston Martin fuses the latest technology, time
honoured craftsmanship and beautiful styling to produce a range of critically
acclaimed luxury models including Vantage, DB12, Vanquish, DBX707 and its
first hypercar, the Aston Martin Valkyrie. Aligned with its Racing. Green.
sustainability strategy, Aston Martin is developing alternatives to the
Internal Combustion Engine with a blended drivetrain approach between 2025 and
2030, including PHEV and BEV, with a clear plan to have a line-up of
electrified sports cars and SUVs.

Based in Gaydon, England, Aston Martin Lagonda designs, creates, and exports
cars which are sold in more than 50 countries around the world. Its sports
cars are manufactured in Gaydon with its luxury DBX707 SUV range proudly
manufactured in St Athan, Wales.

Lagonda was founded in 1899 and came together with Aston Martin in 1947 when
both were purchased by the late Sir David Brown, and the company is now listed
on the London Stock Exchange as Aston Martin Lagonda Global Holdings plc.

For more information, visit the website: https://www.astonmartin.com/corporate

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