Chairman increases investment in high-end automobile maker

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【Summary】Aston Martin's chairman, Lawrence Stroll, has increased his stake in the luxury car manufacturer by 3.27%, bringing his total share capital to 26.23%. Stroll, through his investment vehicle the Yew Tree Consortium, purchased an additional 26 million shares. This investment demonstrates his confidence in Aston Martin's future and the company's successful turnaround in recent years. Stroll remains the largest shareholder, followed by Saudi Arabia's Public Investment Fund, Geely, and Mercedes Benz.

FutureCar Staff Sep 29, 2023 4:22 PM PT

Chairman increases investment in high-end automobile maker

Chairman Lawrence Stroll of luxury car manufacturer Aston Martin has further increased his stake in the company 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, followed by Saudi Arabia's Public Investment Fund, Geely, and Mercedes Benz.

Speaking on behalf of the Yew Tree Consortium, Lawrence Stroll expressed confidence and belief in the future of Aston Martin. He stated, "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."

Stroll further emphasized the transformation of Aston Martin into an ultra-luxury brand with a portfolio of highly desirable, performance-driven cars. He stated, "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."