28th Sep 2022 09:22
(Alliance News) - Aston Martin Lagonda Global Holdings PLC on Wednesday said its four-for-one rights issue received acceptances for 94% of the shares on offer.
It received acceptances for 527.3 million new shares, meaning there are 31.7 million remaining which were not taken up by shareholders.
The luxury carmaker announced the rights issue earlier in September, hoping to raise GBP575.8 million.
It noted at the time that Saudi Arabia's sovereign wealth fund, Lawrence Stroll's Yew Tree Consortium, and fellow car maker Mercedes-Benz Group AG were taking up their full entitlements. This amounted to 45% of the rights issue, Aston Martin explained earlier in September.
Stroll is Aston Martin's executive chair.
Aston Martin shares were 11% lower at 133.90 pence each in London on Wednesday morning.
By Tom Budszus; [email protected]
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