FIAT CHRYSLER AUTOMOBILES - FCA Board Authorizes Capital Transactions
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FCA Board Authorizes Capital Transactions
PRESS RELEASE
The Board ofDirectors of Fiat Chrysler Automobiles N.V. (NYSE: FCAU) ("FCA") today announced that it
has authorized the offer and sale of FCA common shares and mandatory convertible securities in
offerings to be registered withthe U.S. Securities and Exchange Commission.
FCA anticipates that it will offer up to 100 million FCA common shares including 35 million common
shares currently held in treasury by FCA and approximately 54 millioncommon shares that will be issued
by FCA to replenish the share capital canceled following the exercise by Fiat S.p.A. ("Fiat") shareholders
of cash exit rights under Italian law in connection with the cross-bordermerger of Fiat S.p.A. into FCA.
Those Fiat shares were redeemed and cancelled in the merger as required by Italian law.
U.S.$2.5 billion in aggregate principal amount of mandatory convertible securities are expected to be
offered in an SEC-registered offering to U.S. and international institutional investors. The mandatory
convertible securities will be mandatorily convertible into FCA common shares at maturity. The interest
rate, conversion rates and other terms and conditions of the mandatory convertible securities will be
determined at pricing of the offering. It is expected that investors participating in the offering, subject to
completion of the spin-off of Ferrari being announced today, will be entitled to participate in the spin-off
and receive shares of Ferrari pursuant to customary provisions adjusting the conversion terms.
The offerings are expected to be completed by the end of 2014. The timing of the offerings remains
subject to market conditions, as well as registration requirements under applicable law.
London, 29 October 2014