Aston Martin Lagonda : Confirms capital increase proposal
>Proposes £ 653m capital increase, including commitments from PIF and existing shareholders - Aston Martin just announced a £ 653m proposed equity capital increase. The Saudi Kingdom’s Public Investment Fund (PIF) will invest £ 78m at a price of £3.35 per share (i.e. a discount of 10% to yesterday’s price) which should represent ~16.7% of the post-placing share capital of the company. PIF will also have the right, subject to owning more than 7% of the company’s voting...
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