Distribution of Faurecia shares and cash has become unconditional
Amsterdam, March 10, 2021 Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (Stellantis) announced today that the previously 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.
- Amsterdam, March 10, 2021 Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (Stellantis) announced today that the previously 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, has become unconditional.
- Holders of Stellantis common shares will be entitled to: (i) 0.017029 ordinary shares of Faurecia; and (ii) 0.096677 for each common share of Stellantis they hold on the record date for the Distribution.
- Generally, the ordinary shares of Faurecia will be delivered to holders of Stellantis common shares entitled thereto on Monday, March 22, 2021, subject to the restrictions and requirements set forth below.