Conditional distribution of Faurecia shares and cash approved by shareholders
Stellantis announced that shareholders approved the conditional distribution of Faurecia shares and cash totaling up to €308 million. A total of up to 54,297,006 ordinary shares of Faurecia will be distributed to Stellantis shareholders via a capital reduction. The payment is contingent upon a future announcement confirming compliance with Dutch law formalities. The Distribution is part of the proceeds received by Peugeot S.A. from a previous sale of Faurecia shares.
- Approval of conditional distribution of up to 54,297,006 Faurecia shares.
- Distribution includes up to €308 million in cash to shareholders.
- Payment of distribution is conditional, pending future compliance announcements.
Conditional distribution of Faurecia shares and cash approved by shareholders
Amsterdam, March 8, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announces that the Extraordinary General Meeting of Shareholders held today has approved the already announced conditional distribution (the “Distribution”), pursuant to a capital reduction, by Stellantis to the holders of its common shares of up to 54,297,006 ordinary shares of Faurecia S.E. (“Faurecia”) and up to
Payment of the Distribution remains conditional upon the further announcement, which is expected to occur in the next few days, that certain Dutch law formalities have been complied with. Absent such announcement that the Distribution has become unconditional, no Distribution will be payable.
Additional information related to the Distribution has been made available on the Investors section of the website of Stellantis at www.stellantis.com, including an Information Statement available at www.stellantis.com/en/investors/stock-and-shareholder-info/egm-8-march-2021 and submitted to the U.S. Securities and Exchange Commission on Form 6-K on March 5, 2021.
About Stellantis
Stellantis is one of the world’s leading automakers and a mobility provider, guided by a clear vision: to offer freedom of movement with distinctive, affordable and reliable mobility solutions. In addition to the Group’s rich heritage and broad geographic presence, its greatest strengths lie in its sustainable performance, depth of experience and the wide-ranging talents of employees working around the globe. Stellantis will leverage its broad and iconic brand portfolio, which was founded by visionaries who infused the marques with passion and a competitive spirit that speaks to employees and customers alike. Stellantis aspires to become the greatest, not the biggest while creating added value for all stakeholders as well as the communities in which it operates.
For more information contact:
| Claudio D’AMICO: +39 334 7107828 - claudio.damico@stellantis.com |
| Karine DOUET: +33 6 61 64 03 83 -karine.douet@stellantis.com |
| Valérie GILLOT: +33 6 83 92 92 96 - valerie.gillot@stellantis.com Shawn MORGAN: +1 248 760 2621 - shawn.morgan@stellantis.com |
www.stellantis.com
FORWARD-LOOKING STATEMENTS
This communication contains forward-looking statements. In particular, these forward-looking statements include statements regarding future financial performance and the expectations of the combined group (the “Group”) resulting from the merger of FCA and Groupe PSA as to the achievement of certain targeted metrics at any future date or for any future period are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on the Group’s current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them.
Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the impact of the COVID-19 pandemic, the ability of the Group to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to
FAQ
What is the conditional distribution announced by Stellantis related to FCAU?
When was the distribution of Faurecia shares approved?
What conditions must be met for the distribution to be paid to Stellantis shareholders?
How much cash is included in the distribution to shareholders of Stellantis?
