Aston Martin Lagonda Global Conducts GBP575.8 Million Rights Issue
05 September 2022 - 4:49PM
Dow Jones News
By Kyle Morris
Aston Martin Lagonda Global Holdings PLC said Monday that it is
conducting a rights issue worth around 575.8 million pounds ($662.9
million), with the proceeds to be used to pay down debt and support
future growth.
The U.K. luxury-car maker said the 4-for-1 fully committed and
underwritten rights issue consists of 559 million new shares of 103
pence each, a discount of 79% to the closing price on Sept. 2.
The company said it has irrevocable commitments from PIF, the
Yew Tree Consortium and Mercedes-Benz AG to take up their full
entitlements, amounting to 44.7% of the issue.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
September 05, 2022 02:34 ET (06:34 GMT)
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