TIDMAML
RNS Number : 2536B
Aston Martin Lagonda Glob.Hldgs PLC
30 September 2022
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
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THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN
OFFER OF SECURITIES IN ANY JURISDICTION. THE INFORMATION CONTAINED
HEREIN DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO ISSUE OR
SELL, OR ANY SOLICITATION OF ANY OFFER TO SUBSCRIBE OR PURCHASE,
ANY INVESTMENTS IN ANY JURISDICTION.
30 September 2022
Aston Martin Lagonda Global Holdings plc
("Aston Martin Lagonda", the "Company" or the "Group")
Successful Completion of GBP654m Equity Capital Raise
Aston Martin Lagonda is pleased to announce the successful
completion of its GBP654 million equity capital raise (the "Capital
Raise"). The Capital Raise, announced on 15 July 2022, allows the
Company to both meaningfully deleverage its balance sheet, and to
strengthen and accelerate its long-term growth.
To that effect, the Company also made an announcement on 29
September 2022 related to a tender offer for Aston Martin Capital
Holding Limited's outstanding notes.
Lawrence Stroll, Executive Chairman commented:
"I am delighted that we have successfully completed this
transformational capital raise which significantly strengthens our
financial position and enhances our pathway to becoming sustainably
free cash flow positive. Along with Amedeo and the leadership team,
we are fully focused on unlocking the significant shareholder value
creation potential of this ultra-luxury British performance
brand.
"I would like to thank our existing shareholders for their
continued support in reaching this important milestone. The Yew
Tree Consortium's shareholding now stands at 19% following its full
participation in the rights issue and additional investment through
the capital raise. I would also like to thank Mercedes-Benz for
their investment and the strong long-term partnership we have
created.
In addition, I would like to thank The Public Investment Fund,
one of the leading global investment funds, which has become a new
anchor shareholder with a 18.7% stake in the Company. Finally, I
would like to welcome Geely Holding, who have today announced that
they have become a shareholder."
Enquiries
Investors and Analysts
Sherief Bakr Director of Investor Relations +44 (0)7789 177547
sherief.bakr@astonmartin.com
Holly Grainger Deputy Head, Investor Relations +44 (0)7442 989551
holly.grainger@astonmartin.com
Media
Kevin Watters Director of Communications +44 (0)7764 386683
kevin.watters@astonmartin.com
Paul Garbett Head of Corporate and Brand +44 (0)7501 380799
Communications paul.garbett@astonmartin.com
Grace Barnie Corporate Communications +44 (0)7880 903490
Manager grace.barnie@astonmartin.com
Tulchan Communications
Harry Cameron and Simon Pilkington +44 (0)20 7353 4200
IMPORTANT NOTICES
This announcement has been issued by and is the sole
responsibility of the Company. The information contained in this
announcement is for background purposes only and does not purport
to be full or complete. No reliance may or should be placed by any
person for any purpose whatsoever on the information contained in
this announcement or on its accuracy or completeness. The
information in this announcement is subject to change.
A copy of the Prospectus is available on the Company's website
at
https://www.astonmartinlagonda.com/investors/funding/september-2022-capital-raise
. Neither the content of the Company's website nor any website
accessible by hyperlinks on the Company's website is incorporated
in, or forms part of, this announcement. The Prospectus provides
further details of the securities being offered pursuant to the
Rights Issue.
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This announcement does not contain or constitute an offer for sale
or the solicitation of an offer to purchase securities in the
United States. No securities referred to herein have been or will
be registered under the US Securities Act of 1933 (the "Securities
Act") or under any securities laws of any state or other
jurisdiction of the United States and such securities may not be
offered, sold, taken up, exercised, resold, renounced, transferred
or delivered, directly or indirectly, within the United States
except pursuant to an applicable exemption from or in a transaction
not subject to the registration requirements of the Securities Act
and in compliance with any applicable securities laws of any state
or other jurisdiction of the United States. No public offering of
securities is being made in the United States. No securities
referred to herein, nor this announcement nor any other document
connected with the proposed transactions referred to herein has
been or will be approved or disapproved by the United States
Securities and Exchange Commission or by the securities commissions
of any state or other jurisdiction of the United States or any
other regulatory authority, and none of the foregoing authorities
or any securities commission has passed upon or endorsed the merits
of the proposed transactions or the securities referred to herein
or the adequacy of this announcement or any other document
connected with the proposed transactions referred to herein. Any
representation to the contrary is a criminal offence in the United
States.
This announcement is for information purposes only and is not
intended to and does not constitute or form part of any offer or
invitation to purchase or subscribe for, or any solicitation to
purchase or subscribe for any securities in any jurisdiction. No
offer or invitation to purchase or subscribe for, or any
solicitation to purchase or subscribe for, any securities will be
made in any jurisdiction in which such an offer or solicitation is
unlawful. The information contained in this announcement is not for
release, publication or distribution to persons in the United
States or Australia, Canada, Japan, the People's Republic of China
or the Republic of South Africa, and should not be distributed,
forwarded to or transmitted in or into any jurisdiction, where to
do so might constitute a violation of local securities laws or
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No representations or warranties, express or implied, are made
as to, and no reliance should be placed on, the accuracy, fairness
or completeness of the information presented or contained in this
release. This release contains certain forward-looking statements,
which are based on current assumptions and estimates by the
management of the Company. Past performance cannot be relied upon
as a guide to future performance and should not be taken as a
representation that trends or activities underlying past
performance will continue in the future. Such statements are
subject to numerous risks and uncertainties that could cause actual
results to differ materially from any expected future results in
forward-looking statements. These risks may include, for example,
changes in the global economic situation, and changes affecting
individual markets and exchange rates.
The Company provides no guarantee that future development and
future results achieved will correspond to the forward-looking
statements included here and accepts no liability if they should
fail to do so. The Company undertakes no obligation to update these
forward-looking statements and will not publicly release any
revisions that may be made to these forward-looking statements,
which may result from events or circumstances arising after the
date of this release.
This release is for informational purposes only and does not
constitute or form part of any invitation or inducement to engage
in investment activity, nor does it constitute an offer or
invitation to buy any securities, in any jurisdiction including the
United States, or a recommendation in respect of buying, holding or
selling any securities.
This announcement is an advertisement for the purposes of the
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("FCA") and not a prospectus and not an offer to sell, or a
solicitation of an offer to subscribe for or to acquire securities.
Neither this announcement nor anything contained herein shall form
the basis of, or be relied upon in connection with, any offer or
commitment whatsoever in any jurisdiction. Investors should not
purchase or subscribe for any transferable securities referred to
in this announcement except on the basis of information contained
in the Prospectus published by the Company.
Cautionary statement regarding forward-looking statements
This announcement contains forward-looking statements, including
with respect to financial information, that are based on current
expectations or beliefs, as well as assumptions about future
events. These forward-looking statements can be identified by the
fact that they do not relate only to historical or current facts.
Forward-looking statements often use words such as "anticipate",
"target", "expect", "estimate", "intend", "plan", "goal",
"believe", "will", "may", "should", "would", "could", "is
confident", or other words of similar meaning. Undue reliance
should not be placed on any such statements because they speak only
as at the date of this announcement and, by their very nature, they
are subject to known and unknown risks and uncertainties and can be
affected by other factors that could cause actual results, and the
Company's plans and objectives, to differ materially from those
expressed or implied in the forward-looking statements. No
representation or warranty is made that any forward-looking
statement
will come to pass.
You are advised to read the Prospectus in its entirety, and, in
particular, the section of the Prospectus headed "Risk Factors",
for a further discussion of the factors that could affect the
Group's future performance and the industry in which it operates.
In light of these risks, uncertainties and assumptions, the events
described in the forward-looking statements, including statements
regarding prospective financial information, in this announcement
may not occur. These statements are not fact and should not be
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readers of this announcement are cautioned not to place undue
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regarding prospective financial information.
No statement in this announcement is intended as a profit
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interpreted to mean that underlying operating profit for the
current or future financial years would necessarily be above a
minimum level, or match or exceed the historical published
operating profit or set a minimum level of operating profit.
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publicly any forward-looking statement contained within this
announcement, whether as a result of new information, future events
or otherwise, other than in accordance with their legal or
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END
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