Stellantis 2021 Annual Meeting Yeas €1 Billion Cash Payout

Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA)  at the Annual General Meeting of Shareholders (AGM) held virtually today says that all resolutions proposed to shareholders were adopted, including the proposal to approve a €1 billion extraordinary cash distribution on common shares. This resulted from the merger agreement entered into by Fiat Chrysler Automobiles and Peugeot S.A. on December 17, 2019.

The proposed distribution is a payment to the holders of common shares of €0.32 per outstanding common share. Shareholders holding common shares traded on the NYSE will receive the dividend in U.S. dollars at the official USD/EUR exchange rate reported by the European Central Bank today.

The distribution will be paid out of the capital repayment reserve that was created by a reduction of the nominal value of the Stellantis common shares in connection with the Faurecia distribution, previously approved by the Extraordinary General Meeting of Shareholders.