Response from Tobias Moers via5 Sep 2020 17:07
Response to a email I sent, Charlotte explains II are selling as they’re winding the fund up.
Dear Kevin,
Firstly, thank you for your support of the Company through your shareholding. Tobias forwarded your message on to me (apologies I’m just getting back to you today, I was on holiday last week).
As you note, Tobias is just a month into the business, so as with many new CEOs will take a bit more time really getting into the detail before making any comments to shareholders. I am sure you saw on his appointment in May his comment on the significant opportunity he believes there is for Aston Martin. Our Q3 results are scheduled for 12 November, so I would expect him to comment on the performance of the business then.
In terms of your question re: Investindustrial – some of their co-investors had been selling down their holdings and they themselves are now winding up the fund from 2012 which was invested in the Company. They have been long-term investors in the business and this is a matter of timing their side, with 8-years now running on the investment, rather than action concerning potential future performance of the business. While Bill is a representative Director he is not a decision maker for the investment side of Investindustrial.
Kind regards
Charlotte
Charlotte?
Cowley , Director of Investor Relations
Tel: +442070765426
Mobile: +447771976764
Email: Charlotte.Cowley@astonmartin.com
Web: www.astonmartinlagonda.com
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Aston Martin Lagonda Global Holdings PLC,
14 Soho Square , Soho , London , W1D 3QG .
Registered in England Number 11488166
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