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Aston Martin Lagonda Global Holdings PLC on Tuesday reported that Chief Executive Adrian Hallmark has purchased shares worth nearly £150,000.
Hallmark on Friday bought 199,117 shares in the Warwickshire, England-based carmaker at 75.33 pence each for a total £149,999.
Aston Martin shares rose 6.0% to 79.76 pence each on Tuesday morning in London.
Hallmark joined Aston Martin in September, after a six-year tenure as CEO of Bentley Motors Ltd.
Hallmark’s buy-in follows the release of first-quarter results back in April, in which Aston Martin reported a 13% on-year decline in revenue.
Nonetheless, pretax loss for the period narrowed to £79.6 million from £138.8 million the year prior, as adjusted earnings before interest, tax, depreciation and amortisation climbed.
The company’s annual guidance remains unchanged, as it eyes ‘significantly stronger’ performance in the second-half, ‘despite increased uncertainty’ caused by US tariffs.
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