(Teleborsa) – Fiat Chrysler Automobiles announced that on April 30 and May 2016, XNUMX the deed relating to the demerger in favor of Interim One of the investment held by FCA in RCS MediaGroup was signed.
The demerger became effective yesterday 1st May and the liquidation of Interim One and the early distribution of RCS ordinary shares to shareholders were approved.
The demerger and liquidation constitute the main steps of the previously announced transaction relating to the distribution to the holders of FCA ordinary shares of the RCS ordinary shares held by FCA, according to a note which states that "the holders of FCA ordinary shares will be entitled to 0,067746 ordinary shares of RCS for each FCA share held”.
The record date of the distribution will be May 3, 2016 (for FCA ordinary shares deposited with the Monte Titoli system) and May 4, 2016 (for FCA ordinary shares deposited with the DTC system), as a consequence of the different periods
regulatory standards in force for Borsa Italiana and the New York Stock Exchange.
“We have achieved strategic cleanliness in the group, the sector is not our subject. Technically it has nothing to do with the car. Gone are the moments when it was important to have it." So the CEO of FCA, Sergio Marchionne, responding to journalists on the share of RCS in the hands of FCA that the latter has conferred on its shareholders. Marchionne also called the rumors according to which he would have engaged in a battle with Elkann on RCS "bullshit". "We shared everything from the beginning," Marchionne said, speaking on the sidelines of the presentation of the complete Tipo range in Turin.
