RNS Number : 1147S
Aston Martin Lagonda Glob.Hldgs PLC
02 November 2023
 

2 November 2023

 

Aston Martin Lagonda Global Holdings plc

("Aston Martin" or the "Company")

 

Progress to completion of Lucid Transaction and Admission of Consideration Shares
Total Voting Rights

Further to its announcement on 19 September 2023 confirming the receipt of shareholder approvals in connection with the strategic supply arrangement with Lucid Group, Inc. ("Lucid") (the "Transaction"), Aston Martin is today pleased to announce that clearance from all applicable regulatory and antitrust authorities has been obtained and the Transaction can proceed to completion.

Accordingly, the Company announces that, subject and pursuant to the previously disclosed terms of the Transaction:

·      28,352,273 new ordinary shares of £0.10 each in its share capital (the "Consideration Shares") will be allotted and issued to Lucid's subsidiary, Atieva, Inc.

·     Integration and supply agreements between Aston Martin and Lucid governing Aston Martin's access to certain of Lucid's industry-leading technologies, including electric powertrains and battery systems, will become effective from Admission of the Consideration Shares

Applications have been made to the Financial Conduct Authority (the "FCA") and the London Stock Exchange plc (the "LSE") respectively for the admission of the Consideration Shares to listing on the premium listing segment of the Official List of the FCA and to trading on the main market for listed securities of the LSE (together, "Admission").  It is expected that Admission will become effective at 8.00 a.m. on 6 November 2023.

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company also notifies that, following Admission becoming effective, the total issued share capital of the Company will be 823,663,785 ordinary shares of £0.10 each with one voting right per share. There are no ordinary shares held in treasury.

Therefore, following Admission becoming effective, the total number of voting rights in the Company will be 823,663,785 and this figure should be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the Disclosure Guidance and Transparency Rules.

 

Enquiries

Investors and Analysts

Robert Berg                            Director of Investor Relations                                 +44 (0) 7833 080458

                                                                                                                                            robert.berg@astonmartin.com

 

Ella South                                Investor Relations Analyst                                      +44 (0) 7776 545420

                                                                                                                                              ella.south@astonmartin.com 

Media

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

                                                                                                                                                                                              kevin.watters@astonmartin.com

 

Paul Garbett                           Head of Corporate & Brand Communications         +44 (0)7501 380799

                                                 paul.garbett@astonmartin.com

 

Teneo                                                                     

Harry Cameron                                                                                                         +44 (0)20 7353 4200

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ALSFFFIILALLIIV