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Yew Tree Consortium Facility closing conditions

Today 09:00

RNS Number : 8530J
Aston Martin Lagonda Glob.Hldgs PLC
26 June 2026
 

26 June 2026

 

Aston Martin Lagonda Global Holdings plc (the "Company" or the "Group")

Satisfaction of customary closing conditions for Yew Tree Consortium Facility

 

Alongside the Company's Q1 2026 results on 29 April 2026, the Group announced that it had agreed a new £50m committed facility (the "Committed Facility") with members of the Yew Tree Consortium (Yew Tree Overseas Limited ("YTOL") and Saint Alexander S.à r.l (("Saint Alexander" and together, the "Yew Tree Consortium Members")). The facility was subject to customary closing conditions, including compliance with all relevant Listing Rule obligations.

Lawrence Stroll and Michael de Picciotto are related parties of the Company for the purposes of UK Listing Rules ("UKLR") 8.1.11(2) by virtue of their positions as directors of the Company. Lawrence Stroll is also a related party of the Company under UKLR 8.1.11(1) by virtue of being the lead investor in the Yew Tree Consortium, a substantial shareholder of the Company under UKLR 8.1.12(1). The Yew Tree Consortium Members are associates of Lawrence Stroll and Michael de Picciotto under UKLR 8.1.11(4) and, given the above arrangements, the Yew Tree Consortium Members are considered a related party of the Company.

The Committed Facility constitutes a notifiable related party transaction under UKLR 8.2.1R. Accordingly, the Board of Directors of the Company (comprised for these purposes of Independent Directors) confirms that it considers that the terms of the Committed Facility are fair and reasonable as far as shareholders of the Company are concerned, and that the Board has been so advised by Goldman Sachs International as sponsor to the Company. Goldman Sachs International has taken into account the commercial assessment of the Board of Directors of the Company.

 

 

Enquiries

 

Investors and Analysts

James Arnold Head of Investor Relations +44 (0) 7385 222347

james.arnold@astonmartin.com

Media

 

Kevin Watters Director of Communications +44 (0) 7764 386683

kevin.watters@astonmartin.com

 

 

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