Without the approval, or without the communication of the meeting that the distribution has become unconditional, this will not be due
(Imagoeconomica)
Without the approval, or without the communication of the meeting that the distribution has become unconditional, this will not be due
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Stellantis will distribute to holders of its common shares a maximum of 54.297 million common shares of Faurecia and a maximum of 308 million euros in cash, representing the proceeds received by Peugeot from the sale of common shares of Faurecia in October 2020. They will be payable to the holders of ordinary shares Stellantis which become such on March 16, 2021, after a capital reduction. The distribution is subject to the approval of the extraordinary shareholders’ meeting of Stellantis, which will be held on 8 March and to certain formalities required by Dutch law. Without the approval, or without the communication of the meeting that the distribution has become unconditional, this will not be due. If the distribution becomes unconditional, it will take place on Monday, March 15 with record dates the following day. Holders of Stellantis ordinary shares will be entitled to 0.017029 ordinary shares of Faurecia and 0.096677 euros for each ordinary share of Stellantis held on the registration date for distribution. The payment of the part in cash is indicatively scheduled for 22 March. In general, delivery of Faurecia’s ordinary shares is expected to take place on March 22nd.
(Il Sole 24 Ore Radicor)
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