Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  Fiat SpA    FIA   IT0001976403

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/14/2012 | 07:56pm CEST
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 [email protected]

www.fiatspa.com

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FIAT SPA
06/28 FIAT CHRYSLER AUTOMOBILES : Strike shuts down production at Serbia's top exporte..
06/28 FIAT CHRYSLER AUTOMOBILES : shows off a new Hellcat, Durango and a luxury Ram pi..
06/27 FIAT CHRYSLER AUTOMOBILES : After Italy, France and Germany, the "500 Forever Yo..
06/26 FIAT CHRYSLER AUTOMOBILES : A Sunday of great Abarth emotions on European tracks
06/26 FIAT CHRYSLER AUTOMOBILES : Tony Cairoli triumphs at the "Fiat Professional MXGP..
06/24DJFIAT CHRYSLER'S GREEN AUTOS HAVE A P : They're Not for Sale
06/23 FIAT CHRYSLER AUTOMOBILES : FCA stars in the “Goodwood Festival of Speed 2..
06/23 FIAT CHRYSLER AUTOMOBILES : Camp Jeep® 2017 gets under way
06/21 For thousands of U.S. auto workers, downturn is already here
06/21 ALFA ROMEO TURNS 107 : a weekend of special celebrations
More news
Sector news : Automobiles & Multi Utility Vehicles
01:08a ChargePoint secures $43 million in funding led by Siemens
06/28 VOLKSWAGEN : U.S. judge allows some VW investor diesel claims to proceed
06/28DJFORD MOTOR : Driveshaft Defect Fix to Cost $142 Million
06/28DJBAYERISCHE MOTOREN WERKE : Xometry Raises $15 Million in Funding
06/28 China to relax further curbs on foreign investment
More sector news : Automobiles & Multi Utility Vehicles
Advertisement
Financials (€)
Sales 2017 115 576 M
EBIT 2017 6 702 M
Net income 2017 3 097 M
Debt 2017 3 989 M
Yield 2017 0,11%
P/E ratio 2017 4,81
P/E ratio 2018 4,15
EV / Sales 2017 0,16x
EV / Sales 2018 0,14x
Capitalization 14 697 M
More Financials
Chart FIAT SPA
Duration : Period :
Fiat SpA Technical Analysis Chart | FIA | IT0001976403 | 4-Traders
Full-screen chart
Income Statement Evolution
More Financials
Consensus 
Mean consensus HOLD
Number of Analysts 29
Average target price 10,6 €
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Sergio Marchionne Chief Executive Officer & Executive Director
John Jacob Philip Elkann Chairman
Richard Keith Palmer CFO & COO-Systems & Castings
Harald J. Wester Chief Technology Officer
Andrea Agnelli Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
FIAT SPA18.17%16 681
SAIC MOTOR CORPORATION..32.75%53 758
MARUTI SUZUKI INDIA LT..35.93%33 630
GUANGZHOU AUTOMOBILE G..45.05%21 363
BYD COMPANY LIMITED--.--%19 611
FIAT CHRYSLER AUTOMOBI..11.66%16 681
More Results