AMSTERDAM, June 7, 2023 – Stellantis NV (“Stellantis” or the “Company”) today announced that under a share purchase plan (the “Plan”) announced on February 22, 2023 up to €1.5 billion (total purchase price excluding additional costs) to be implemented in the market for the purpose of canceling the common shares acquired through the Plan and following the completion of the first phase of the Plan as announced on May 18, Stellantis has signed a share purchase agreement with an independent investment company. which makes its own business decisions regarding the timing of purchases independently of Stellantis.
This contract will reach a maximum of 500 million euros. The second phase of this Plan will start on June 7, 2023 and will end on September 7, 2023. The ordinary shares purchased under this Plan will be canceled in due course.
Any purchase of ordinary shares in connection with this announcement will be made in accordance with the approval given by the general meeting of shareholders held on 13 April 2023, up to a maximum of 10% of the Company’s capital, or with any renewed or extended approval that will be given in the next general meeting of the Company. The purchase price per ordinary share will not exceed an amount equal to 110% of the market price of the shares on the NYSE, Euronext Milan or Euronext Paris (as the case may be). The market price will be calculated as the average of the highest price in each of the five trading days prior to the purchase date, as indicated on the official price list of the NYSE, Euronext Milan or Euronext Paris. Purchases of shares will be made under market conditions and in compliance with applicable laws and regulations, including Market Abuse Regulation 596/2014 and Commission Delegated Regulation (EU) 2016/1052.
To date, following the related portion of the first phase, the remaining authorization is approximately 290 million shares, which are expected to be sufficient to fund the Plan as well as the possibility of repurchasing 99.2 million shares currently owned by Dongfeng Corporation of China under the terms announced on July 15 2022.
Stellantis NV Company (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris STLAM: STLAP) is the world’s leading automotive manufacturer and provider of mobility services. Its iconic and historic brands embody the passion of visionary pioneers and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep.®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Thanks to the diversity that drives us, we lead the way the world moves, aspiring to be the best mobility technology company, not the biggest, while creating added value for all stakeholders as well as for the society in which it operates. For more information, visit the website www.stellantis.com.
Twitter @Stellantis Facebook Stellantis LinkedIn Stellantis YouTube Stellantis
For more information, contact:
Fernão SILVEIRA +31 6 43 25 43 41 – email@example.com