April 3, 2020 / 9:28 PM / 2 months ago

Fiat Chrysler postpones shareholders' meeting and resolution on dividend to late June

FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S., May 25, 2018. REUTERS/Rebecca Cook

MILAN (Reuters) - Fiat Chrysler (FCHA.MI) said on Friday it decided to postpone to late June its shareholders’ meeting scheduled for April 16, as a consequence of the continuing coronavirus emergency.

Fiat Chrysler (FCA) said in a statement that the decision on its shareholders’ meeting would result in the postponement of a resolution on the automaker’s planned 1.1 billion euro ($1.2 billion) ordinary dividend on last year’s results.

“The new date for the AGM will be announced as soon as practicable,” FCA said.

On Thursday Peugeot owner PSA (PEUP.PA), which has signed a binding merger deal with FCA to create the world’s fourth largest carmaker, also said it postponed its annual shareholders’ meeting from May 14 to June 25.

Reporting by Giulio Piovaccari; Editing by Sandra Maler

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