Stellantis & General Motors (GM) Announce A Share Buyback Transaction:

Regards The Opel/Vauxhall Brands...

Stellantis and General Motors Holdings LLC, a subsidiary of General Motors Company (“GM”), have entered into a share repurchase agreement relating to 69.1 million Stellantis common stock, representing approximately 2.2% of Stellantis capital on a diluted basis, which GM is entitled to receive following the exercise of the warrants (the “Warrants”) originally issued by Peugeot SA (“PSA”) in favor of GM in 2017.

2022 Opel Mokka-e. (Opel).

The Warrants were issued to GM as part of GM’s purchase of the Opel/Vauxhall automotive business from PSA. Following the exercise of the Warrants, Stellantis will also deliver to GM approximately 1.2 million Faurecia ordinary shares as well as a total cash amount of approximately €130 million relating to dividend rights paid by PSA and Stellantis.

2022 Vauxhall Grandland Ultimate. (Vauxhall).

Under the agreement, both the issue of Stellantis ordinary shares in favor of GM and the repurchase of the same by Stellantis will take place on September 15th. The repurchase price that will be paid by Stellantis will amount to a total of €923,247,678 (or $934,659,019.30 USD). This amount is calculated on the basis of the weighted average price for the volumes of one Stellantis ordinary share registered on the Euronext Milan regulated market in the last five days.

2022 Opel Astra 5-Door Hatchback. (Opel).

Stellantis ‘purchase of ordinary treasury shares from GM will be carried out under the authorization approved by the shareholders’ meeting held on April 13th, 2022.

Source: Stellantis

Robert S. Miller

Robert S. Miller is a diehard Mopar enthusiast who lives and breathes all that is Mopar. The Michigander is not only the Editor for MoparInsiders.com, 5thGenRams.com, and HDRams.com but an automotive photographer. He is an avid fan of offshore powerboat racing, which he travels the country to take part in.

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