Aston Martin raises £152m in equity capital for luxury reset

Aston_Martin_Valhalla_PA_575x375_June 26
By Sam Kerr
26 Jun 2020

Aston Martin, the UK car maker returned to equity markets on Friday morning to raise yet more equity capital after completing a rights issue in April. The company has sold a stake worth 19.9% of its share capital to allow a new management team to rebuild the company.

Books were covered on the placing within 20 minutes of launch. Banks released final guidance of 50p-55p a share at 9:10am UK time on Friday. Books were closed 35 minutes later.

At midday the company said it would sell 304m shares at 50p, raising £152m

On the face ...

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