Chairman increases investment in high-end automobile company

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【Summary】Chairman Lawrence Stroll has increased his stake in luxury car manufacturer Aston Martin by 3.27%, bringing his total share capital to 26.23%. Stroll, already the largest shareholder, purchased 26 million additional shares. This investment reflects the Yew Tree Consortium's confidence in Aston Martin's future and its commitment to the company's long-term success.

FutureCar Staff Sep 29, 2023 9:20 AM PT

Chairman increases investment in high-end automobile company

Aston Martin's chairman Lawrence Stroll has further increased his stake in the luxury car manufacturer by 3.27%. Through his investment vehicle, the Yew Tree Consortium, Stroll has purchased an additional 26 million shares, bringing his total share capital to 26.23%.

Prior to this increase, Stroll was already the largest shareholder of Aston Martin. Other major shareholders include Saudi Arabia's Public Investment Fund, Geely, and Mercedes Benz.

In a statement on behalf of the Yew Tree Consortium, Lawrence Stroll expressed confidence and belief in the future of Aston Martin. He highlighted the company's significant turnaround since the consortium's initial investment three years ago.

Stroll emphasized the successful transformation of Aston Martin into an ultra-luxury brand, boasting a portfolio of highly desirable, performance-driven cars. He stated that the increased investment reflects the consortium's long-term commitment to the company, their conviction for the future, and the shareholder value that Aston Martin will deliver.