Increased investment in luxury car company

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【Summary】Aston Martin's chairman Lawrence Stroll has increased his stake in the luxury car manufacturer by 3.27%, taking his total share capital to 26.23%. This investment by Stroll's Yew Tree Consortium shows confidence in Aston Martin's future and their commitment to the company's long-term success.

FutureCar Staff Sep 29, 2023 11:23 PM PT

Increased investment in luxury car company

Aston Martin's chairman, Lawrence Stroll, has decided to increase his stake in the luxury car manufacturer. Through his investment vehicle, the Yew Tree Consortium, Stroll has purchased an additional 26 million shares, resulting in a 3.27% increase in his total share capital, which now stands at 26.23%.

Prior to this increase, Stroll was already Aston Martin's largest shareholder. However, he is closely followed by Saudi Arabia's Public Investment Fund, Geely, and Mercedes Benz.

In a statement on behalf of the Yew Tree Consortium, Lawrence Stroll expressed his 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 rebuilding of Aston Martin into an ultra-luxury brand, boasting a portfolio of highly desirable, performance-driven cars. This increased investment serves as a testament to the Yew Tree Consortium's long-term commitment to the company, their unwavering conviction for the future, and the shareholder value they believe Aston Martin will deliver.