Stellantis and General Motors to Execute a Share Repurchase Transaction
AMSTERDAM, Sept. 13, 2022 – Stellantis N.V. and General Motors Holdings LLC, a subsidiary of General Motors Company (“GM”) have executed a share repurchase settlement (“SRA”) associated to the 69.1 million widespread shares in Stellantis, representing roughly 2.2% of Stellantis’ share capital (on a diluted foundation), that GM is entitled to obtain upon the train of fairness warrants (the “Warrants”) initially issued by Peugeot S.A. (“PSA”) to GM in 2017.
The Warrants have been issued to GM as a part of the acquisition by PSA of the Opel Vauxhall automotive business. Upon train of the Warrants, Stellantis will even ship to GM roughly 1.2 million widespread shares of Faurecia and an mixture money quantity of roughly EUR130 million for rights to dividends paid by PSA and Stellantis.
Pursuant to the SRA, the problem and the repurchase of Stellantis widespread shares will each happen on September 15. The buy worth paid by Stellantis for the widespread shares will quantity, in whole, to EUR 923,247,678 (such quantity is predicated on the volume-weighted common worth of 1 Stellantis widespread share on the regulated market of Euronext in Milan during the last 5 buying and selling days).
This buy of Stellantis widespread shares by Stellantis from GM will probably be carried out underneath the authority granted by the final assembly of April 13, 2022.
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About Stellantis
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is likely one of the world’s main automakers and a mobility supplier. Its storied and iconic manufacturers embody the eagerness of their visionary founders and right now’s clients of their modern merchandise and companies, together with Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our range, we paved the way the world strikes – aspiring to develop into the best sustainable mobility tech firm, not the most important, whereas creating added worth for all stakeholders in addition to the communities wherein it operates. For extra data, go to www.stellantis.com.
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For extra data, contact: Fernão SILVEIRA +31 6 43 25 43 41 – [email protected]Valérie GILLOT + 33 6 83 92 92 96 – [email protected] Nathalie ROUSSEL + 33 6 87 77 41 82 – [email protected]
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