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| Name | Symbol | Market | Type |
|---|---|---|---|
| Mercedes Benz Group AG (PK) | USOTC:DMLRY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.32 | 14.00 | 14.45 | 0.00 | 01:00:00 |
From Jun 2022 to Jun 2024
By Kyle Morris
Aston Martin Lagonda Global Holdings PLC said Monday that it is conducting a rights issue worth around 575.8 million pounds ($662.9 million), with the proceeds to be used to pay down debt and support future growth.
The U.K. luxury-car maker said the 4-for-1 fully committed and underwritten rights issue consists of 559 million new shares of 103 pence each, a discount of 79% to the closing price on Sept. 2.
The company said it has irrevocable commitments from PIF, the Yew Tree Consortium and Mercedes-Benz AG to take up their full entitlements, amounting to 44.7% of the issue.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
September 05, 2022 02:34 ET (06:34 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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