On February 15, 2024, Stellantis announced a Share Buyback Program (the “Program”) of up to €3 billion to be executed in the open market over a period ending December 31, 2024.

The Company intends to cancel the common shares acquired through the Program apart from a portion of up to €0.5 billion, which will be utilized to execute future employee stock purchase plan activities and equity-based compensation. 

On February 27, 2024, Stellantis signed a share buyback agreement for the first tranche of its Program with an independent investment firm that will make its trading decisions concerning the timing of purchases independently of Stellantis. This tranche will cover a maximum amount of up to €1 billion, beginning on February 28, 2024 and ending no later than June 5, 2024.

The Program is being carried out under the authority granted at the general meeting of shareholders on April 13, 2023, which may be renewed or extended up to a maximum of 10% of the Company’s capital.