Aston Martin Lagonda Global Hld PLC Directorate Change (0612P)
October 08 2019 - 1:00AM
UK Regulatory
TIDMAML
RNS Number : 0612P
Aston Martin Lagonda Global Hld PLC
08 October 2019
8 October 2019
This announcement contains inside information
Aston Martin Lagonda Global Holdings plc (the "Company")
Board and Committee Changes
The Company announces the following Board and Committee changes,
with immediate effect. These changes relate to the shareholder
representative directors and reflect the commitments given by the
Adeem/Primewagon controlling shareholder group and the
Investindustrial controlling shareholder group in their respective
Relationship Agreements with the Company.
-- Mr Najeeb Al Humaidhi, the Representative of the
Adeem/Primewagon controlling shareholder group, has nominated Mr
Amr AbouelSeoud and Mr Mahmoud Samy Mohamed Aly El Sayed as their
two continuing Adeem/Primewagon Non-Executive Directors. Mr Mahmoud
Samy Mohamed Aly El Sayed has been appointed as the
Adeem/Primewagon representative director on the Nomination
Committee.
-- As provided in the Relationship Agreements, Mr Peter Rogers
and Mr Mahmoud Samy will now serve as observers on the Audit and
Risk Committee with no voting rights. They will remain on the Board
as Non-Executive Directors.
-- As provided in the Relationship Agreements, Mr Dante Razzano
and Mr Amr AbouelSeoud will now serve as observers on the
Remuneration Committee with no voting rights. They will remain on
the Board as Non-Executive Directors.
Following the above changes, the Company is now compliant with
the UK Corporate Governance Code in relation to the composition of
its Audit and Risk and Remuneration Committees. To achieve Board
Code compliance, we are in discussion with independent
non-executive director candidates and expect to announce the
outcome shortly.
The Company thanks Messrs. Najeeb Al Humaidhi and Saoud Al
Humaidhi for their service as directors in its first year since IPO
and thanks them for their long-standing and continuing support as
shareholders.
Enquiries:
Investors and Analysts
Charlotte Cowley, Director of Investor Relations +44 (0)7771
976764 charlotte.cowley@astonmartin.com
Media
Kevin Watters, Director of Communications +44 (0)7764 386683
kevin.watters@astonmartin.com
Grace Barnie, Corporate Communications Manager +44 (0)7880
903490 grace.barnie@astonmartin.com
Brunswick
Dan Roberts, Andrew Porter, Diana Vaughton +44 (0)20 7404 5959
astonmartin@brunswickgroup.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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