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LONDON - Aston Martin (LON:AML) Lagonda Global Holdings plc announced Wednesday that it has successfully passed a resolution during a general meeting to approve a significant investment from the Yew Tree Consortium. The meeting, conducted electronically via audio webcast at 11:00 a.m., saw the passing of a resolution that allows the consortium to increase its shareholding in the luxury car manufacturer without triggering a mandatory takeover offer.
The investment involves the subscription of 75 million new ordinary shares by the Yew Tree Consortium, amounting to approximately £52.5 million. This move will raise the consortium’s interest in Aston Martin’s voting rights to 33.13%. The resolution was passed with 94.40% of the votes cast in favor, representing 63.4% of the company’s issued share capital held by independent shareholders.
Following the approval, Aston Martin has made applications to the Financial Conduct Authority and the London Stock Exchange (LON:LSEG) for the new shares to be admitted to the Official List and to trading on the main market. The admission is expected to become effective on or before the morning of May 9, 2025, conditional upon the Placing Agreement not being terminated prior to that time.
The new shares will be fully paid and rank equally with existing ordinary shares, including the right to receive future dividends and distributions. With the completion of this transaction, the total number of ordinary shares in Aston Martin will increase to 1,011,274,947, all with voting rights.
This equity issue comes after previous announcements on March 31, 2025, and April 17, 2025, detailing the proposed investment. The Yew Tree Consortium, following the admission, will hold approximately one-third of the company’s voting rights.
The information is based on a press release statement and reflects the latest developments in Aston Martin’s efforts to secure additional funding and strengthen its shareholder base.
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