Oct 14, 2014 Fiat
Fiat Chrysler Automobiles N.V. has announced that this past Sunday 12 October saw the merger of Fiat S.p.A. with and into FCA (formerly Fiat Investments N.V.) become effective. FCA is now the holding company for the Fiat Chrysler Group.
In connection with the Merger, FCA issued 1,167,181,255 common shares for allotment to Fiat shareholders on the basis of the Merger exchange ratio of one (1) FCA common share for each Fiat ordinary share. In addition FCA will own 35,000,000 common shares formerly constituting the share capital of Fiat Investments N.V. as treasury shares. FCA also issued 408,941,767 special voting shares to eligible Fiat shareholders who elected to participate in FCA's loyalty voting programme - the total number of common and special voting shares constituting the share capital of FCA is therefore1,611,123,022
FCA common shares have been admitted to listing on the NYSE and on Mercato Telematico Azionario (MTA) and commenced trading on the NYSE yesterday.
The Board of Directors of FCA comprises the following members: John Elkann, Sergio Marchionne, Andrea Agnelli, Tiberto Brandolini d'Adda, Glenn Earle, Valerie A. Mars, Ruth J. Simmons, Ronald L. Thompson, Patience Wheatcroft, Stephen M. Wolf and Ermenegildo Zegna. The Board has appointed John Elkann as Chairman of FCA and Sergio Marchionne as Chief Executive Officer.
FCA Chief Executive Officer Sergio Marchionne said: "Our listing today on Wall Street is the culmination of five-and-a-half years' work to achieve an extraordinary union. FCA has set upon an aggressive course, in pursuit of the goals we laid out during our Investor Day on May 6. The path we have chosen is not the path of least resistance. We have embraced the spirit of the explorer, strengthened by the pursuit of challenge and an appreciation of diversity. FCA's listing marks the hard-won arrival at a destination. Yet, like so many milestones, it is not simply an ending, but, above all, a new beginning. Today marks the beginning of our journey as one global automaker, one FCA."
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