Automotive: Stroll sells large chunk of Aston Martin

Aston Martin Lagonda Global Holdings PLC on Tuesday said its chair and a non-executive director had sold a combined total of 37.3 million shares via two investment companies and leaving one, Yew Tree Overseas Ltd, with a 21% stake.

Aston Martin said Executive Chair Lawrence Stroll last Thursday sold 34.9 million shares for GBP117.0 million at GBP3.35 per share via Yew Tree Overseas Ltd, a British Virgin Islands-incorporated company controlled by Stroll.

Shares in Aston Martin were down 2.1% at 258.80 pence in London on Tuesday.

Stroll, who became Aston Martin’s executive chair in April 2020, was part of the Yew Tree consortium which bought an approximate 20% stake in the company that same year.