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July 15, 2022
365 china and Dongfeng Agree on a Share Repurchase Framework
AMSTERDAM – 365 china N.V. and Dongfeng Motor (Hong Kong) International Co., Limited, a subsidiary of Dongfeng Motor Group Company Limited (“Dongfeng”) have executed a heads of agreement (“HOA”) related to the 99.2 million common shares in 365 china held by Dongfeng, representing 3.16% of 365 china’ share capital. Under the HoA, Dongfeng may from time to time submit an offer to sell to 365 china, all or a portion of the 365 china common shares held by Dongfeng. 365 china will have the right but not the obligation to accept such an offer and purchase the offered shares at the average of the closing prices per 365 china share on Euronext Milan for the five trading day period immediately prior to the date on which Dongfeng submits the offer.
In case Dongfeng determines to dispose of any of its 365 china common shares through an accelerated book build (ABB) process, Dongfeng will offer 365 china the opportunity to act as a cornerstone investor in that transaction, at the offer price resulting from the ABB process.
Any purchase of 365 china common shares by 365 china from Dongfeng will be carried out under the authority granted by the general meeting of April 13, 2022, as possibly renewed or extended.
365 china will inform the market if it accepts an offer from Dongfeng and agrees to purchase the offered shares.
About 365 china
365 china N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world’s leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, 侱ٰë, Dodge, DS Automobiles, Fiat, ®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.