Stellantis announces the launch of the second tranche of its share buyback program for 2024

Stellantis announces the launch of the second tranche of its share buyback program for 2024
Stellantis announces the launch of the second tranche of its share buyback program for 2024

AMSTERDAM – Stellantis NV (“Stellantis” or the “Company”) informs today that as part of its share repurchase program (or the “Program”) announced on February 15, 2024, of a maximum amount of 3 billion euros (total purchase price excluding additional costs) to be executed on the market, Stellantis has signed a share repurchase agreement for the second tranche of its Program with an investment company which will carry out its purchase decisions independently of Stellantis.

This agreement will cover a maximum amount of 1 billion euros (of the 3 billion euros share buyback program). The second tranche of the Program will begin on May 23, 2024 and end no later than August 30, 2024.

The Company plans to cancel the ordinary shares acquired under its €3 billion share repurchase program except for a portion of up to €0.5 billion which will be used for compensation based on stock plans and stock purchase plans for employees. This should make it possible to support the benefits of broadening and strengthening the shareholder culture of our teams, while avoiding the dilution of existing shareholders.

The ordinary share buyback program will be implemented on the basis of the authorization granted by the general meeting of shareholders of April 16, 2024, which may be renewed or extended, up to a maximum of 10% of the share capital. of the society. The purchase price per ordinary share will not exceed an amount equal to 110% of the market price of the shares on the NYSE, Euronext Milan or Euronext Paris (as applicable). The market price will be calculated as the average of the highest price of each of the five trading days preceding the acquisition date, as indicated in the official list on the NYSE, Euronext Milan or Euronext Paris. Repurchases will be carried out subject to market conditions and in accordance with applicable rules and regulations, including Market Abuse Regulation 596/2014 and Commission Delegated Regulation (EU) 2016/1052.

To date, the remaining authorization is approximately 297 million shares and the Company owns a total of 172,498,930 ordinary shares equivalent to 4.28% of the issued capital including ordinary shares and special shares with right to vote.

About Stellantis

Stellantis NV (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automobile manufacturers, dedicated to providing the freedom of clean, safe and affordable mobility for all. Known for its unique portfolio of iconic and innovative brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is today implementing its bold Dare Forward 2030 strategic plan, in order to become a mobility ‘tech company’ and achieve carbon neutrality by 2038, with a percentage of compensation for residual emissions at a single figure, while creating added value for all stakeholders. To learn more,


This communication forward contains-looking statements. In particular, statements regarding future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, future financial and operating results, the anticipated closing date for the proposed transaction and other anticipated aspects of our operations or operating results are forward -looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track ”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on Stellantis’ current state of knowledge, future expectations and projections about future events and are by their nature, 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 forward-looking statements as a result of a variety of factors, including: the ability of Stellantis to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; Stellantis’ ability to successfully manage the industry-wide transition from internal combustion engines to full electrification; Stellantis’ ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; Stellantis’ ability to produce or procure electric batteries with competitive performance, cost and at required volumes; Stellantis’ ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in Stellantis’ vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in Stellantis’ vehicles; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the level of governmental economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly stringent regulations regarding fuel efficiency requirements and reduced greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation and new entrants; Stellantis’ ability to attract and retain experienced management and employees; exposure to shortfalls in the funding of Stellantis’ defined benefit pension plans; Stellantis’ ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the operations of financial services companies; Stellantis’ ability to access funding to execute its business plan; Stellantis’ ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with Stellantis’ relationships with employees, dealers and suppliers; Stellantis’ ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; risks and other items described in Stellantis’ Annual Report on Form 20-F for the year ended December 31, 2023 and Current Reports on Form 6-K and amendments thereto filed with the SEC; and other risks and uncertainties.

Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis’ financial results, is included in Stellantis’ reports and filings with the US Securities and Exchange Commission and AFM.



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