Shares in Aston Martin have rocketed today after the group of investors run by Canadian billionaire Lawrence Stroll ramped up its stake beyond 25 per cent.
Stroll, who serves as executive chairman of Aston Martin, said this morning that the Yew Tree Consortium he heads had upped its stake in Aston Martin by 3.27 per cent to 26.23 per cent.
“This additional investment demonstrates the Yew Tree Consortium’s continuing confidence and belief in the future of Aston Martin,” Stroll said in a statement.
“The Company has delivered a major turnaround since the Yew Tree Consortium’s initial investment three years ago. We have rebuilt this iconic company, transforming it into an ultra-luxury brand, with a portfolio of highly desirable, performance-driven cars.”
He added the fresh investment demonstrates the group’s “continuing, long-term commitment to the company, our conviction for the future and the shareholder value the Company will deliver.”
The news sent shares in the firm surging beyond 13 per cent.
Stroll first snapped up a stake in Aston Martin in 2021 with a £182m investment via the Yew Tree Investments consortium which gave him a 16.7 per cent stake in the company.
The firm has shed over 90 per cent of its value over the past five years but has climbed over 100 per cent in the past year.