FCA common shares are listed and can be traded on either (i) the NYSE in US Dollars or (ii) the MTA, managed by the Italian Stock Exchange, in Euros.
Shares traded on the NYSE (CUSIP N31738 102) are settled through The Depository Trust & Clearing Corporation (“DTC”) in the US, while shares traded on MTA (ISIN NL0010877643) are settled through Monte Titoli S.p.A. (“MT”) in Italy. Settlement of trades on NYSE occurs three business days after trading (T+3). Settlement of trades on MTA occurs two business days after trading (T+2).
Common shares may be held through a broker/bank/financial intermediary participant either in DTC or through the Italian clearing system, MT.
Alternatively, a shareholder may hold common shares in its name, outside DTC, on the register maintained by the US Transfer Agent, Computershare Trust Company, N.A. (“CTCNA”) in book-form/Direct Registration System (“DRS”).
MT maintains a participant account within DTC and shares traded on MTA will be held in MT’s DTC account. This is intended to facilitate the transfer of shares among settlement systems.
Investors can request their broker/financial intermediary to move the common shares between MT and a DTC participant and that transfer can normally be carried out in 1 business day, although the timing will depend on the intermediaries involved as well as the time of the request in light of the different time zones. Please contact your broker for more information on this process.
As a result of the above, the system is designed to allow an investor to trade at any time, in its discretion, on either the NYSE or MTA regardless of where the investor’s shares are held prior to the trade. The shares can be transferred, if needed, from one settlement system to the other in time for regular settlement of the trade.
Shareholders participating in the Loyalty Voting Program will have their common shares registered in the Loyalty Register maintained by the registrar, and will not be able to trade such shares. These shareholders may, at any time, request thede-registration from the Loyalty Register and transfer of the common shares to the account of an intermediary participant in either DTC or MT in order to be able to trade.
Global Registrar Computershare, has been appointed as:
- US Transfer Agent: CTCNA;
- EU Branch Registrar: Computershare S.p.A.