Aston Martin has set out a rescue plan just 15 months after its overhyped float , which must be some kind of record. First, a consortium headed up by Canadian F1 person Lawrence Stroll (who’s using an SPV called Yew Tree Overseas Limited 👀) will throw £182m at Aston by taking a 16.7 per cent stake via a placement of 45.6m shares at 400p apiece. Mr Stroll also stumps up £55.5m of working capital, which will be on better terms than the £100m drawdown Aston had previously been counting on to keep the lights on. Read More...
Aston Martin has set out a rescue plan just 15 months after its overhyped float , which must be some kind of record. First, a consortium headed up by Canadian F1 person Lawrence Stroll (who’s using an SPV called Yew Tree Overseas Limited 👀) will throw £182m at Aston by taking a 16.7 per cent stake via a placement of 45.6m shares at 400p apiece. Mr Stroll also stumps up £55.5m of working capital, which will be on better terms than the £100m drawdown Aston had previously been counting on to keep the lights on.
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