Member access

4-Traders Homepage  >  Shares  >  Italian Stock Exchange  >  Fiat SpA    F   IT0001976403

FIAT SPA (F)

131
Real-time Quote. Real-time  - 09/17 07:31:45 pm
7.8800 EUR   -0.25%
1d ago Westport looks to China to drive clean-engine demand
1d ago GM to boost output of mid-sized pickups in U.S., add jobs
1d ago FIAT : Chrysler set for Oct 13 debut on Wall St
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Fiat SpA : Conversion of preference and savings shares into ordinary shares

05/14/2012 | 01:56pm US/Eastern
Recommend:
0
Conversion of preference and savings shares into ordinary shares

Fiat announces that in the next few days it will proceed with the conversion of the Company's preference and savings shares into ordinary shares. The effective date for conversion will be announced in accordance with the applicable laws and procedures.

With the period for exercise of withdrawal rights now expired, Fiat has received withdrawal notices in relation to 1,016,190 preference shares (for a total amount of € 3,370,702) and
1,616,509 savings shares (for a total amount of € 5,589,888).
As such, the conditions precedent approved by shareholders at the Extraordinary General Meeting of 4 April 2012 - under which the conversion was subject to total disbursements to shareholders exercising the right of withdrawal not exceeding €56 million in relation to the preference shares and €44 million in relation to the savings shares - have been satisfied.
Fiat will pay the redemption amount to withdrawing shareholders concurrently with the consummation of the conversion and ordinary shares issued as a result of the conversion of preference and savings shares that have been redeemed will be offered to existing shareholders, pursuant to terms and procedures to be announced in accordance with Article 84 of the Consob Issuer Regulations.
Turin, 14 May 2012

Fiat S.p.A.

Via Nizza 250, 10126 Turin, ITALY

Tel. +39 011 006 3088, Fax +39 011 006 2459 mediarelations@fiatspa.com

www.fiatspa.com

distributed by
Recommend :
0
React to this article
Latest news on FIAT SPA
1d ago Westport looks to China to drive clean-engine demand
1d ago GM to boost output of mid-sized pickups in U.S., add jobs
1d ago FIAT : Chrysler set for Oct 13 debut on Wall St
1d ago China regulator questions Toyota Lexus division over parts pricing - sources
2d ago FIAT : Chrysler Group appoints new head of Product Development
2d ago FIAT : named to Dow Jones Sustainability Index World
5d ago FIAT : FIU Launches 'Engineers on Wheels'
6d ago Fiat Chrysler CEO sticks to 2014 guidance
6d ago China anti-trust regulator fines Volkswagen JV and Chrysler unit
6d agoDJChina Fines Foreign Auto Makers
Advertisement
Chart
Duration : Period :
Fiat SpA Technical Analysis Chart | F | IT0001976403 | 4-Traders
Income Statement Evolution
Fiat SpA : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF