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Milan , December 22, 2015 – 16:31
The separation between FCA and Ferrari will have effect on the Stock Exchange on Jan. 4, 2016, day expected for the debut of Red Square Business, in connection with a distribution of 80% of Ferrari still in the hands of Fiat Chrysler to holders of shares and mandatory convertible notes of FCA (MCS). I remember a statement FCA. FCA shareholders will receive one common share for every ten ordinary shares Ferrari FCA and one special voting share to every ten Ferrari FCA special voting shares held.
holders converting receive 0.77369 common shares for each MCS unit Ferrari held at the record date of January 5, 2016 . Fractional shares will not be assigned Ferrari. Fractional entitlements will be aggregated and sold in the market by intermediaries and the net proceeds will come? À distributed in cash pro rata to shareholders and holders of converting FCA. Also holders of shares FCA receive a cash payment of EUR 0.01 for each share held as of January 5, 2016, Considering that the FCA ordinary shares will be traded ‘ex’ Ferrari since January 4 is the Nise that the MTA Italian Stock Exchange, the latest date on which the common shares purchased FCA will include the right to receive shares of Ferrari will be on December 30th.
December 22, 2015 (modified December 22, 2015 | 17:07)
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