Components and Production Systems
At the Annual General Meeting held today, Fiat S.p.A. Shareholders approved the 2013 Financial Statements and the motion for allocation of 2013 net result.
In addition, Shareholders’ consultative vote was in support of the Company’s Compensation Policy, pursuant to Article 123-ter of Legislative Decree 58/98, details of which have already been publicly disclosed.
Authorization was also renewed for the purchase and disposal of own shares, including through subsidiaries, and the previous authorization given on 9 April 2013 was revoked. The authorization provides for the purchase of a maximum number of shares not to exceed the legally established percentage of share capital or an aggregate value of €1.2 billion, inclusive of the €259 million in Fiat shares already held. As announced, the buy-back program is currently on hold and the Company has no obligation to buy back shares under the authorization.
Turin, 31 March 2014