Chairman boosts stake in luxury car manufacturer
Aston Martin’s chairman Lawrence Stroll has increased his stake in the luxury car manufacturer, after increasing his stake by 3.27%.
Stroll through his investment vehicle the Yew Tree Consortium has purchased a further 26 million shares, taking his total share capital to 26.23%.
He was already Aston Martin’s largest shareholder,followed by Saudi Arabia’s Public Investment Fund, Geely and Mercedes Benz.
Lawrence Stroll, on behalf of the Yew Tree Consortium, said: “This additional investment demonstrates the Yew Tree Consortium’s continuing confidence and belief in the future of Aston Martin. The Company has delivered a major turnaround since the Yew Tree Consortium’s initial investment three years ago.
“We have rebuilt this iconic company, transforming it into an ultra-luxury brand, with a portfolio of highly desirable, performance-driven cars. This increased investment demonstrates our continuing, long-term commitment to the Company, our conviction for the future and the shareholder value the Company will deliver.”