27th May 2025 11:31
(Alliance News) - Aston Martin Lagonda Global Holdings PLC on Tuesday reported that Chief Executive Adrian Hallmark has purchased shares worth nearly GBP150,000.
Hallmark on Friday bought 199,117 shares in the Warwickshire, England-based carmaker at 75.33 pence each for a total GBP149,999.
Aston Martin shares rose 6.0% to 79.76 pence each on Tuesday morning in London.
Hallmark joined Aston Martin in September, after a six-year tenure as CEO of Bentley Motors Ltd.
Hallmark's buy-in follows the release of first-quarter results back in April, in which Aston Martin reported a 13% on-year decline in revenue.
Nonetheless, pretax loss for the period narrowed to GBP79.6 million from GBP138.8 million the year prior, as adjusted earnings before interest, tax, depreciation and amortisation climbed.
The company's annual guidance remains unchanged, as it eyes "significantly stronger" performance in the second-half, "despite increased uncertainty" caused by US tariffs.
By Holly Munks, Alliance News reporter
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