Chrysler 2008 Annual Report Download - page 164

Net profit reported in the annual financial statements of Fiat S.p.A. shall be allocated as follows:
to the legal reserve, 5% of net profit until the amount of such reserve is equivalent to one-fifth of share capital;
to savings shares, a dividend of up to €0.31 per share;
further allocations to the legal reserve, allocations to the extraordinary reserve and/or retained profit reserve as may be resolved
by Shareholders;
to preference shares, a dividend of up to €0.31 per share;
to ordinary shares, a dividend of up to €0.155 per share;
to savings shares and ordinary shares, in equal amounts, an additional dividend of up to €0.155 per share;
to each ordinary, preference and savings share, in equal amounts, any remaining net profit which Shareholders may resolve
to distribute.
When the dividend paid to savings shares in any year amounts to less than €0.31, the difference shall be added to the preferred
dividend to which they are entitled in the following two years.
In the event that the savings shares are delisted, any bearer shares shall be converted into registered shares and shall have the
right to a higher dividend increased by €0.175, rather than €0.155, with respect to the dividend received by the ordinary and
preference shares.
In the event that the ordinary shares are delisted, the higher dividend received by the savings shares with respect to the dividend
received by ordinary and preference shares shall be increased by €0.200 per share.
In the event of winding-up, the Company’s assets shall be distributed in order of priority to saving shares up to their par value,
to the preference shares up to their par value, to the ordinary shares up to their par value; the remaining balance, if any, to shares
of all three classes in an equal pro rata amount.
Fiat Group Consolidated Financial Statements at 31 December 2008 163