Aston Martin Lagonda - comment

The nil paid rights for AML’s rights issue were admitted for trading on Monday. The next major milestone for bondholders is the 27 September when AML will have all the cash. This morning the company’s equity is trading at 158p => the nil paid rights are worth 55p. Also, the Saudi Public Investment Fund (PIF) today registered its 16.6% holding in AML with the market authorities. The initial investment was at 335p and the rights are at 103p which gives a blended investment price of 134p for PIF.