Stellantis announces conditional distribution of Faurecia shares and cash
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.