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Aston Martin Lagonda - Directorate Change

RNS Number : 3244F
Aston Martin Lagonda Global Hld PLC
13 November 2020
 

13 November 2020

 

 

 

Aston Martin Lagonda Global Holdings plc ("Aston Martin" or the "Company")

Board Change

 

In anticipation of the transactions recently announced by the Company which will, once completed, reduce the shareholding of the Adeem/Primewagon shareholder group (the "Adeem/PW Group") to below 10% of the Company's share capital, the Company announces that in accordance with the Relationship Agreement between the Adeem/PW Group and the Company Mr Mahmoud Samy Mohamed Aly El Sayed, a representative director of the Adeem/PW Group, has elected to step down from the Board with effect from 12 November 2020. Mr. El Sayed has served as a Director of the Company since 7 September 2018 and has been a director within the Group since March 2007.  In accordance with the Relationship Agreement the remaining board seat for the Adeem/PW Group shall continue to be held by Mr Amr Ali Abdallah AbouelSeoud.

The Company thanks Mr. El Sayed for his many years of service and support to the Aston Martin group and wishes him well for the future.

 

 

 

 

Enquiries

 

Investors and Analysts

Charlotte Cowley   Director of Investor Relations                        +44 (0)7771 976764                                                                                                                          [email protected]

Media

Kevin Watters        Director of Communications                          +44 (0)7764 386683                                                                                                                          [email protected]

 

Grace Barnie         Corporate Communication Manager               +44 (0)7880 903490 
                                                                                                 
      [email protected]

Tulchan Communications

Harry Cameron and Simon Pilkington                                          +44 (0)20 73534200

 

 

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Quick facts: Aston Martin Lagonda Global Holdings PLC

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Market: LSE
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