Aston Martin - comment

The general meeting of the shareholders has approved all the resolutions without amendment removing the final hurdle to completing the Rights Issue. The £653m Rights Issue proceeds will be with AML from the end of the month. Turnout was 58% and 99% voted in favour of the resolutions. It will be interesting for us to see how the underwriters fare; the steep discount may well entice many smaller institutional and individual shareholders to follow their money.