Result of General Meeting and issue of equity
7 May 2025
Aston Martin Lagonda Global Holdings plc
("Aston Martin", or the "Company")
Results of General Meeting and Issue of equity and total voting rights
Aston Martin announces today, following the announcements on 31 March 2025 and 17 April 2025 in relation to the proposed c.£52.5m investment in the Company by the Yew Tree Consortium (the "Placing"), that its General Meeting held today electronically by audio webcast at 11.00 a.m. to approve the Placing was successfully concluded. The resolution put to the General Meeting (the "Resolution") was duly passed by the Independent Shareholders of the Company by the majority required on a poll. The voting results are set out in the table below and the voting represents 63.4% of the issued share capital of the Company which is held by Independent Shareholders, totalling 676,193,684 Ordinary Shares.
All definitions are as set out in the Shareholder Circular dated 17 April 2025.
|
RESOLUTION |
VOTES |
||||||
|
FOR¹ |
AGAINST |
WITHHELD² |
TOTAL |
||||
|
Votes |
% |
Votes |
% |
Votes |
|
||
|
1 |
THAT, the waiver granted by the Panel of the obligation that would otherwise arise on the Yew Tree Consortium (or any member of the Yew Tree Consortium), both individually and collectively, to make an offer to the Independent Shareholders pursuant to Rule 9 of the Code, as a result of an increase in the percentage of shares of the Company carrying voting rights in which the Yew Tree Consortium would be interested in to 33.13%, resulting from the subscription for 75,000,000 new Ordinary Shares of the Company by the Yew Tree Consortium pursuant to the proposed Placing, be and is hereby approved. |
404,752,910 |
94.40 |
23,990,103 |
5.60 |
742,733 |
428,743,013 |
Notes:
¹ Includes discretionary votes
² A vote withheld is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a Resolution
These results will shortly be available on the Company's website at www.astonmartinlagonda.com/investor/shareholder-information and in accordance with Listing Rule 6.4.2, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Following the passing of the Resolution, Aston Martin further announces that applications have been made to the Financial Conduct Authority (the "FCA") and London Stock Exchange plc (the "London Stock Exchange") for a total of 75,000,000 new Ordinary Shares of £0.10 each in the Company (the "Placing Shares") to be admitted to listing in the equity shares (commercial companies) category of the Official List of the FCA and to trading on the main market for listed securities of the London Stock Exchange (together, "Admission").
It is expected that Admission will become effective on or before 8.00 a.m. on 9 May 2025. The Placing is conditional upon Admission becoming effective and the Placing Agreement not being terminated in accordance with its terms prior to Admission. Upon Admission, the Placing Shares will be issued to the Yew Tree Consortium in accordance with the announcement made by the Company on 31 March 2025 and as more fully described in the Shareholder Circular dated 17 April 2025. The Placing Shares will, when issued, be fully paid and rank pari passu in all respects with the existing Ordinary Shares in the Company including, without limitation, the right to receive all dividends and other distributions declared, made or paid after the date of issue.
Following Admission becoming effective, the total number of Ordinary Shares in issue in the Company will be 1,011,274,947. The Company does not hold any shares in treasury. As such, following Admission becoming effective, the total number of Ordinary Shares in the Company in issue with voting rights will be 1,011,274,947. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change in their interest in, the Company under the Disclosure Guidance and Transparency Rules of the FCA. For the purposes of the UK Takeover Code, following Admission, the Yew Tree Consortium will be interested in 335,081,263 Ordinary Shares, representing 33.13% of the Company's voting rights.
ENDS
Enquiries
Investors and Analysts
James Arnold Head of Investor Relations +44 (0) 7385 222347
Ella South Investor Relations Analyst +44 (0) 7776 545420
Media
Kevin Watters Director of Communications +44 (0) 7764 386683
FGS Global
James Leviton and Jenny Bahr +44 (0) 20 7251 3801
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