Stellantis announces conditional distribution of Faurecia shares and cash
04 März 2021 - 10:58PM
Stellantis announces conditional
distribution of Faurecia shares and cash
Amsterdam, March 4, 2021 – Stellantis N.V. (NYSE
/ MTA / Euronext Paris: STLA) (“Stellantis”) announced today a
conditional distribution 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 €308 million in cash, being the proceeds
received by Peugeot S.A. from the sale of ordinary shares of
Faurecia in October 2020, payable to holders of Stellantis common
shares of record as of Tuesday, March 16, 2021, pursuant to a
capital reduction (the “Distribution”).
Payment of the Distribution is conditional upon
the further announcement that the Distribution has been approved by
the Extraordinary General Meeting of Shareholders of Stellantis to
be held on March 8, 2021 and that certain Dutch law formalities
have been satisfied. Absent such announcement that the Distribution
has become unconditional, no Distribution will be payable.
If the Distribution becomes unconditional as
described above, the expected calendar for the Distribution will be
as follows: (i) ex-date on Monday, March 15, 2021; and (ii) record
date on Tuesday, March 16, 2021. Holders of Stellantis common
shares will be entitled to: (i) 0.017029 ordinary shares of
Faurecia; and (ii) Euro 0.096677 for each common share of
Stellantis they hold on the record date for the Distribution. The
cash portion of the Distribution is expected to be paid on or about
Monday, March 22, 2021. Generally, the ordinary shares of Faurecia
are expected to be delivered to holders of Stellantis common shares
entitled thereto on or about Monday, March 22, 2021. However,
Shareholders holding Stellantis common shares in a DTC participant
account or as a registered holder on the Stellantis US share
register will need to take additional steps in order to obtain the
delivery of the Faurecia ordinary shares to which they will be
entitled, as set forth in the Information Statement referred to
below; delivery to such holders is expected to occur on or about
Thursday, April 1, 2021.
Additional information related to the
Distribution, including an Information Statement dated February 19,
2021, has been made available on the Investors section of the
website of Stellantis at 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.
@Stellantis |
Stellantis |
Stellantis |
Stellantis |
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
- Stellantis announces conditional distribution of Faurecia
shares and cash
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