The Moroccan Capital Market Authority (AMMC) has given the green light to a significant capital increase for Stellantis, aimed exclusively at employees of the automotive giant’s subsidiaries, including those in Morocco. Approved on November 4, 2024, this initiative allows Stellantis to issue up to 14 million new shares, reserved solely for its team members as part of a broader employee investment strategy.
Stellantis employees from several Moroccan subsidiaries, including Fiat Chrysler Automobiles Morocco, Peugeot Citroën DS Maroc, Italcar, Peugeot Citroën Automobiles Maroc, and PSA Services Maroc, are eligible to participate in this exclusive offer. The subscription price has been set at €9.74 per share, equivalent to 104.10 Moroccan dirhams.
The subscription window will be open from November 5 to November 14, 2024, giving employees a limited timeframe to buy into Stellantis’ future growth. This initiative is part of the company’s plan to enhance employee engagement and expand their stake in Stellantis’ global operations.
The final prospectus for this offer is supported by essential documents to ensure transparency and informed decision-making for all employees involved. Among these are the Key Information Documents (KIDs) for the “International Stellantis” and “Shares to Win Relay 2024” Employee Investment Funds (FCPE), each approved by the French Financial Markets Authority (AMF). In addition, Stellantis has provided its 2023 activity report, its mid-year financial statement for 2024, and the regulatory details for the group’s International Employee Savings Plan (PIES), initially established in 2002 and updated as recently as March 2024.
All relevant documents, including the detailed prospectus reviewed by the AMMC, are readily accessible to employees at the headquarters of the eligible subsidiaries, at BMCI, and on the Stellantis website.
This stock offering represents an opportunity for Stellantis’ Moroccan workforce to invest in the company’s future, aligning their interests with the global performance and aspirations of one of the world’s leading automotive groups.
