Stellantis and General Motors to Execute a Share Repurchase Transaction

Rhea-AI Summary

Stellantis has entered into a share repurchase agreement with General Motors for 69.1 million common shares, approximately 2.2% of its share capital. This transaction also involves Stellantis delivering approximately 1.2 million shares of Faurecia and around EUR130 million in cash for rights to dividends. The total amount for the repurchase is EUR923,247,678, based on the average price of Stellantis shares over the past five trading days. The execution of this transaction will take place on September 15, 2022.

Positive

• Share repurchase of 69.1 million shares enhances shareholder value.
• Total repurchase amount of EUR923 million reflects confidence in financial stability.

Negative

• Cash outflow of approximately EUR130 million may strain liquidity.
• Opportunity cost associated with buyback could limit investment in growth opportunities.

Stellantis and General Motors to Execute a Share Repurchase Transaction

AMSTERDAM, Sept. 13, 2022 – Stellantis N.V. and General Motors Holdings LLC, a subsidiary of General Motors Company (“GM”) have executed a share repurchase agreement (“SRA”) related to the 69.1 million common shares in Stellantis, representing approximately 2.2% of Stellantis’ share capital (on a diluted basis), that GM is entitled to receive upon the exercise of equity warrants (the “Warrants”) originally issued by Peugeot S.A. (“PSA”) to GM in 2017.

The Warrants were issued to GM as part of the purchase by PSA of the Opel Vauxhall automotive business. Upon exercise of the Warrants, Stellantis will also deliver to GM approximately 1.2 million common shares of Faurecia and an aggregate cash amount of approximately EUR130 million for rights to dividends paid by PSA and Stellantis.

Pursuant to the SRA, the issue and the repurchase of Stellantis common shares will both occur on September 15. The purchase price paid by Stellantis for the common shares will amount, in total, to EUR 923,247,678 (such amount is based on the volume-weighted average price of one Stellantis common share on the regulated market of Euronext in Milan over the last five trading days).

This purchase of Stellantis common shares by Stellantis from GM will be carried out under the authority granted by the general meeting of April 13, 2022.

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About Stellantis

Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world’s leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders 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. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.

	@Stellantis		Stellantis		Stellantis		Stellantis
For more information, contact: Fernão SILVEIRA   +31 6 43 25 43 41 – fernao.silveira@stellantis.comValérie GILLOT + 33 6 83 92 92 96 - valerie.gillot@stellantis.com Nathalie ROUSSEL  + 33 6 87 77 41 82 – nathalie.roussel@stellantis.com   communications@stellantis.com www.stellantis.com

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FAQ

What is the share repurchase agreement between Stellantis and GM?

Stellantis has agreed to repurchase 69.1 million shares from GM, representing about 2.2% of its share capital, as part of a transaction related to equity warrants.

How much will Stellantis spend on the share repurchase?

Stellantis will spend EUR923,247,678 on the share repurchase, based on the average share price over the last five trading days.

When will the share repurchase take place?

The share repurchase transaction is scheduled for execution on September 15, 2022.

What additional compensation will Stellantis provide to GM?

In addition to the share repurchase, Stellantis will deliver approximately 1.2 million shares of Faurecia and EUR130 million in cash for dividend rights.