Business
Increased investment by Yew Tree Consortium
Increased investment by Yew Tree Consortium.
About this update from Aston Martin Lagonda Global Holdings Plc
[{"type":"text","content":"\n\n29 September 2023\nAston Martin Lagonda Global Holdings plc\n(\"the \"Company\")\nIncreased investment by Yew Tree Consortium\n \nThe 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.\nRegulatory announcements with respect to this purchase by the Yew Tree Consortium will be made in due course.\nLawrence 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.\" \n \nThis 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.\n \n\n\n\n\nEnquiries\nInvestor Relations\n\n\n\n\n\n\n\nRobert Berg\n\n\n\n\n\n\n+44 (0)7833 080458\[email protected]\n \n\n\n\n\nMedia\n\n\n\n\n\n\n\n\n\n\n\nKevin Watters\n\n\n\n\n\n\n+44 (0)7764 386683\[email protected]\n \n\n\n\n\nPaul Garbett\n\n\n \n\n\n\n\n+44 (0)7501 380799\n [email protected]\n \n\n\n\n\n\nTeneo\nHarry Cameron\n\n\n\n\n\n \n+44 (0)20 7353 4200\n\n\n\n\n \n\n","length":5124,"tagName":"div"}]