Results of Stellantis’ 2021 Annual General Meeting
Stellantis N.V. held its 2021 Annual General Meeting on April 15, where shareholders approved all proposed resolutions, including a significant cash distribution of EUR 1 billion. This distribution translates to EUR 0.32 per common share, payable to shareholders in U.S. dollars at the current exchange rate. Key dates include an ex-date of April 19, a record date of April 20, and a payment date of April 28, 2021. The distribution is funded from a capital repayment reserve established from a previous nominal value reduction of shares related to a prior distribution.
- Approval of EUR 1 billion cash distribution to shareholders.
- Distribution of EUR 0.32 per common share enhances shareholder value.
- None.
Results of Stellantis’ 2021 Annual General Meeting
Amsterdam, April 15, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announces that at the Annual General Meeting of Shareholders (AGM) held virtually today and broadcast live via Stellantis’ website all resolutions proposed to shareholders were adopted, including the proposal to approve a EUR 1 billion extraordinary cash distribution on common shares, as contemplated by the combination agreement entered into by Fiat Chrysler Automobiles and Peugeot S.A. on December 17, 2019 as amended.
The proposed distribution entails a payment to the holders of common shares of EUR 0.32 per outstanding common share. Shareholders holding common shares traded on the NYSE will receive the dividend in U.S. dollars at the official USD/EUR exchange rate reported by the European Central Bank as of today. The distribution will be paid out of the capital repayment reserve which was created by a reduction of the nominal value of the Stellantis common shares in connection with the Faurecia distribution, previously approved by the Extraordinary General Meeting of Shareholders. The expected calendar for the common shares listed on the New York Stock Exchange, Mercato Telematico Azionario and Euronext France will be as follows: (i) ex-date April 19, 2021, (ii) record date April 20, 2021, and (iii) payment date April 28, 2021.
Details of the resolutions submitted to the AGM are available on the Stellantis corporate website: www.stellantis.com.
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 |
Attachment
FAQ
What is the amount of the cash distribution approved by Stellantis shareholders?
When will Stellantis pay the EUR 0.32 cash distribution to shareholders?
What is the record date for the Stellantis cash distribution?
How will the cash distribution be paid to U.S. shareholders of Stellantis?
What was discussed during the Stellantis 2021 Annual General Meeting?
