Aston Martin Shares Fall As It Discounts Rights Issue In Debt Battle Aston Martin
The luxury carmaker revealed on Monday that investors could buy more shares at 103p a share, a steep 78% discount from Friday’s closing price of 480p. Its shares closed down 15.6% at 405p early on Monday. The rights issue was first revealed in July as part of an overall £650m fundraising, with Saudi Arabia’s Public Investment Fund (PIF) becoming the second largest shareholder through a share placement. Laurence Stroll, the billionaire fashion tycoon who led the 2020 bailout, had previously said he was not worried about getting investment from the PIF....