Conditional distribution of Faurecia shares and cash approved by shareholders
08 März 2021 - 3:07PM
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 €308 million in
cash, being the proceeds received by Peugeot S.A. from the sale of
ordinary shares of Faurecia in October 2020.
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.
@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
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 cyclicality; changes in
local economic and political conditions, changes in trade policy
and the imposition of global and regional tariffs or tariffs
targeted to the automotive industry, the enactment of tax reforms
or other changes in tax laws and regulations; the Group’s ability
to expand certain of its brands globally; its ability to offer
innovative, attractive products; its ability to develop,
manufacture and sell vehicles with advanced features including
enhanced electrification, connectivity and autonomous-driving
characteristics; various types of claims, lawsuits, governmental
investigations and other contingencies, including product liability
and warranty claims and environmental claims, investigations and
lawsuits; material operating expenditures in relation to compliance
with environmental, health and safety regulations; the intense
level of competition in the automotive industry, which may increase
due to consolidation; exposure to shortfalls in the funding of the
Group’s defined benefit pension plans; the ability to provide or
arrange for access to adequate financing for dealers and retail
customers and associated risks related to the establishment and
operations of financial services companies; the ability to access
funding to execute the Group’s business plans and improve their
businesses, financial condition and results of operations; a
significant malfunction, disruption or security breach compromising
information technology systems or the electronic control systems
contained in the Group’s vehicles; the Group’s ability to realize
anticipated benefits from joint venture arrangements; disruptions
arising from political, social and economic instability; risks
associated with our relationships with employees, dealers and
suppliers; increases in costs, disruptions of supply or shortages
of raw materials; developments in labor and industrial relations
and developments in applicable labor laws; exchange rate
fluctuations, interest rate changes, credit risk and other market
risks; political and civil unrest; earthquakes or other disasters;
the risk that the operations of Groupe PSA and FCA will not be
integrated successfully and other risks and uncertainties. Any
forward-looking statements contained in this communication speak
only as of the date of this document and the Group disclaims any
obligation to update or revise publicly forward-looking statements.
Further information concerning the Group and its businesses,
including factors that could materially affect the Group’s
financial results, are included in FCA’s reports and filings with
the U.S. Securities and Exchange Commission (including the
registration statement on Form F-4 that was declared effective by
the SEC on November 20, 2020), the AFM and CONSOB and PSA’s filings
with the AMF.
- Conditional distribution of Faurecia shares and cash approved
by shareholders
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