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IN BRIEF: Aston Martin clears conditions for Lawrence Stroll loan

ALN

Aston Martin Lagonda Global Holdings PLC - Gaydon, England-based luxury sports car maker - Satisfies the closing conditions for the £50 million committed facility agreed with members of the Yew Tree Consortium, first announced alongside first-quarter results in April. Aston Martin notes the facility was subject to compliance with UK listing rules because the Yew Tree Consortium, led by Executive Chair Lawrence Stroll, is a related party. The board’s independent directors consider the terms of the facility to be fair and reasonable for shareholders, having been advised by sponsor Goldman Sachs International, Aston Martin says.

Current stock price: 37.58 pence, down 2.4% in London on Wednesday

12-month change: down 54%

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