LONDON, May 1, 2016 /PRNewswire/ --
Fiat Chrysler Automobiles N.V. ("FCA") (NYSE: FCAU / MTA: FCA)
announced today that, on April 30 and
May 1, 2016 (1) the deed of demerger
relating to the ordinary shares in RCS MediaGroup S.p.A.
("RCS") held by FCA in favor of Interim One B.V. was
executed and the demerger became effective on May 1, 2016 and (2) the liquidation of Interim
One B.V. and the advance distribution of the ordinary shares in RCS
were approved.
The demerger and liquidation are the principal steps in FCA's
previously-announced plans to distribute the ordinary shares in RCS
held by FCA to the holders of its common shares.
Holders of FCA common shares will be entitled to 0.067746
ordinary shares of RCS for each common share of FCA held. The
record date for the distribution is May 3,
2016 (for FCA common shares held through participants in the
Monte Titoli system) and May 4, 2016
(for FCA common shares held through other participants in the DTC
system), which accounts for the different standard settlement
periods in Borsa Italiana and the New York Stock Exchange.
Additional information related to the distribution of the RCS
ordinary shares to FCA shareholders has been made available on the
investor relations page of the FCA website at
http://www.fcagroup.com/en-US/investor_relations.
This press release contains forward-looking statements. These
statements are based on the Group's 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.
SOURCE Fiat Chrysler Automobiles