FIAT CHRYSLER AUTOMOBILES N.V.: FCA announces the number of common shares issuable upon the mandatory conversion of its 7.875...
December 13 2016 - 9:39AM
FCA
announces the number of common shares issuable upon the mandatory
conversion of its 7.875% Mandatory Convertible Securities
Fiat Chrysler Automobiles N.V.
(NYSE: FCAU / MTA: FCA) ("FCA") announced
today the number of common shares issuable upon the mandatory
conversion of its 7.875% mandatory convertible securities (the
"Securities") scheduled to occur on December
15, 2016.
Pursuant to the terms of the
indenture under which the Securities were issued, each U.S. $100
notional amount of the Securities will convert into 8.3077 of the
Company's common shares (the "Common Shares"),
nominal value €0.01 per share, based upon the average of the volume
weighted average prices of FCA Common Shares on the New York Stock
Exchange during the 20 consecutive trading day period beginning
November 14, 2016 and ending on December 12, 2016 (inclusive). No
action by holders is required to be entitled to receive Common
Shares upon conversion of the Securities.
FCA anticipates it will issue a
total of 238,846,375 Common Shares upon conversion. No fractional
Common Shares will be issued. Registered holders of the Securities
will receive cash in lieu of any fractional Common Shares based on
a value of $8.5342 per Common Share, which was the daily
volume weighted average price of FCA's Common Shares on the New
York Stock Exchange on December 12, 2016.
The amount of FCA Common Shares
issued and outstanding immediately following the mandatory
conversion of the Securities is expected to be 1,527,965,719.
London, 13 December 2016
This press
release contains forward-looking statements. These statements are
based on current expectations and projections about future events
and, by their nature, are subject to inherent risks and
uncertainties. They relate to events and depend on circumstances
that may or may not occur or exist in the future and, as such,
undue reliance should not be placed on them. Actual results may
differ materially from those expressed in such statements as a
result of a variety of factors, including: volatility and
deterioration of capital and financial markets, including
possibility of new Eurozone sovereign debt crisis, changes in
commodity prices, changes in general economic conditions, economic
growth and other changes in business conditions, weather, floods,
earthquakes or other natural disasters, changes in government
regulation, production difficulties, including capacity and supply
constraints, and many other risks and uncertainties, most of which
are outside of the Group's control.
For further information: tel.: +39 (011) 00
63088
Email: mediarelations@fcagroup.com www.fcagroup.com
FCA-MCS - Press Release
Eng
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: FIAT CHRYSLER AUTOMOBILES N.V. via
Globenewswire
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