Chrysler 2008 Annual Report Download - page 292

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 a winding up, the Company’s assets shall be distributed in the following order of priority: repayment of savings
shares up to their par value, repayment of preference shares up to their par value, repayment of ordinary shares up to their par
value; any balance remaining, in an equal pro rata amount to shares of all three classes.
The reconciliation of the number of shares outstanding at 31 December 2006 and at 31 December 2008 is as follows:
At (Purchases)/ At (Purchases)/ At
31 December Capital Sales of 31 December Capital Sales of 31 December
(shares in thousands) 2006 increase treasury stock 2007 increase treasury stock 2008
Ordinary shares issued 1,092,246 1 – 1,092,247 – – 1,092,247
Less: Treasury shares (3,773) – (18,078) (21,851) – (16,717) (38,568)
Ordinary shares outstanding 1,088,473 1 (18,078) 1,070,396 – (16,717) 1,053,679
Preference shares issued 103,292 – – 103,292 – – 103,292
Less: Treasury shares – – – – – – –
Preference shares outstanding 103,292 – – 103,292 – – 103,292
Savings shares issued 79,913 – – 79,913 – – 79,913
Less: Treasury shares – – – – – – –
Savings shares outstanding 79,913 – – 79,913 – – 79,913
Total shares issued by Fiat S.p.A. 1,275,451 1 – 1,275,452 – – 1,275,452
Less: Treasury shares (3,773) – (18,078) (21,851) – (16,717) (38,568)
Total Fiat S.p.A. shares outstanding 1,271,678 1 (18,078) 1,253,601 – (16,717) 1,236,884
Treasury share sales and buybacks in 2008 are discussed in the section “Treasury shares”.
In respect of changes in 2007 regarding issued ordinary shares, on 29 January 2007, following the pre-established expiry date, the
Warrants “Fiat Ordinary Share 2007” (issued in 2002), were delisted. The owners of the 65,509,168 outstanding warrants at that
date were given the option to subscribe in January 2007 to Fiat S.p.A. ordinary shares in the ratio of one Fiat ordinary share at a
price of €29.364 for every four warrants held. To that date 4,676 warrants had been exercised with the issuance of 1,169 shares. As
a consequence, on 1 February 2007 the share capital of Fiat S.p.A. increased from €6,377,257,130 to €6,377,262,975 and additional
paid-in capital increased by €28,481.52.
Italian laws and regulations regarding the share capital and reserves of a joint stock corporation establish the following:
The minimum share capital is €120,000.
Any change in the amount of share capital must be approved by shareholders in general meeting who may delegate powers to the
Board of Directors, having validity for a maximum period of five years, to increase share capital up to a predetermined amount; the
Fiat S.p.A. Statutory Financial Statements at 31 December 2008 291