UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)

 

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Stellantis N.V.

(Name of Issuer)

 

Common Shares, nominal value of €0.01 each

                          

(Title of Class of Securities)

 

N82405106

                           

(CUSIP Number)

 

Thierry Mabille de Poncheville

Deputy Chief Executive Officer

Établissements Peugeot Frères S.A.

66, avenue Charles de Gaulle

92200 Neuilly-sur-Seine, France

+33 6 07 48 38 77

                              

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

Copy to:

 

Adam O. Emmerich

John L. Robinson

Wachtell, Lipton, Rosen & Katz

51 West 52nd Street

New York, New York 10019

(212) 403-1000

 

April 14, 2021

                              

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7 for other parties to whom copies are sent.

^* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on following pages)

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1	NAMES OF REPORTING PERSONS
	Peugeot 1810 S.A.S.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a) ☑  (b) ☐
3	SEC USE ONLY
4	SOURCE OF FUNDS (SEE INSTRUCTIONS)
	OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
	☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION
	France
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER
			224,228,121 (1)
		8	SHARED VOTING POWER
			- 0 -
		9	SOLE DISPOSITIVE POWER
			224,228,121 (1)
		10	SHARED DISPOSITIVE POWER
			- 0 -
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	224,228,121 (1)
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
	☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
	7.2% (2)
14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	CO

AMENDMENT NO. 1 TO SCHEDULE 13D

This Amendment No. 1 amends and supplements the information set forth in the Schedule 13D filed by Établissements Peugeot Frères S.A. (“EPF”), Peugeot Invest S.A. (“Peugeot Invest”) and Peugeot 1810 S.A.S. (“Peugeot 1810” and, together with EPF and Peugeot Invest, the “Reporting Persons”), with the U.S. Securities and Exchange Commission (the “SEC”) on January 27, 2021 (the “Schedule 13D”), relating to the common shares, nominal value of €0.01 each (the “Common Shares”), of Stellantis N.V. (“Stellantis” or the “Issuer”). All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.

Schedule 13D is hereby amended and supplemented as set forth below.  The information set forth in response to each separate Item below shall be deemed to be a response to all Items with respect to which such information is relevant.

The information contained in Item 2 of the Schedule 13D is hereby amended and supplemented to add the following information:

“Effective as of March 31, 2021, FFP S.A. has been renamed Peugeot Invest S.A. and Maillot I S.A.S. has been renamed Peugeot 1810 S.A.S.”

The first paragraph of Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:

“Percentage interest calculations for each of the Reporting Persons are based on a total of 3,119,934,695 Common Shares issued and outstanding as of March 3, 2021, as reported by Stellantis on its Annual Report on Form 20-F for the fiscal year ended December 31, 2020, filed with the SEC on March 4, 2021.”

The information contained in Item 6 of the Schedule 13D is hereby amended and supplemented to add the following information:

Consultation Understanding

Pursuant to the Consultation Understanding, representatives of Exor and Peugeot 1810 would meet each year ahead of any general meeting of shareholders of the Issuer to exchange thoughts and discuss their respective views on the agenda items to be put to a vote or for discussion at such general meeting.  The Consultation Understanding does not create any obligation to reach a common view during the consultation process, and Exor and Peugeot 1810 remain free at all times to exercise their voting rights in the Issuer autonomously and independently, in their own discretion, and without being bound by any discussions between them.  The Consultation Understanding provides that the consultation process described above is not and will not be based on nor result in a sustained joint voting policy and is not aimed, and will not be aimed, either at acquiring control of the Issuer, or at frustrating the successful outcome of any offer for the Issuer, and that accordingly such consultations between Exor and Peugeot 1810 will not constitute and should not be classified as acting in concert within the meaning of any regulations for notifying voting rights and share capital interests in the Netherlands nor for purposes of any Dutch mandatory takeover offer rules.  The Parties have further agreed that: (a) they have not, by way of the Consultation Understanding or otherwise, formed a “group” (as such term is defined in Section 13(d) of the U.S. Securities Exchange Act of 1934, as amended) for purposes of the U.S. federal securities laws; and (b) that notwithstanding anything to the contrary in the Consultation Understanding, nothing in the Consultation Understanding requires or will require Exor or Peugeot 1810 to take any action that could reasonably be expected to result in the formation of a “group” for purposes of the U.S. federal securities laws.

The Consultation Understanding came into effect on April 14, 2021, and will remain in force and effect until April 14, 2026, provided that it will be renewed automatically for another five years if neither of the parties serves the other a written notice of termination at least six months before the end of the initial term.  The Consultation Understanding is subject to and will be construed in accordance with Dutch law.

The joint press release of Peugeot 1810 and Exor announcing the entry into the Consultation Understanding is attached as Exhibit 8 and incorporated by reference herein.

The information contained in Item 7 of the Schedule 13D is hereby amended and supplemented to add the following information:

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

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Exhibit 7

 

CONSULTATION UNDERSTANDING

 

dated as of 14 April 2021

 

between and among

 

EXOR N.V., a Dutch public limited liability company (naamloze vennootschap) with corporate seat (statutaire zetel) in Amsterdam, the Netherlands (“EXOR”)

 

- on one side

 

and

 

PEUGEOT 1810 S.A.S., a French société par actions simplifiée with registered office in Neuilly-sur-Seine, France, 528 818 073 R.C.S. Nanterre (“Peugeot 1810”)

 

- on the other side

 

(EXOR and Peugeot 1810 are jointly referred to as the “Parties” and each a “Party”)

 

WHEREAS

 

 

 

 

 

NOW THEREFORE, in consideration of the recitals above which form part of this Understanding, the Parties agree and covenant as follows:

 

 

 

“Combination” has the meaning set out in recital (a);

 

“Effective Date” has the meaning set out in clause 3.1;

 

“EXOR” has the meaning set out in the introductory paragraph;

 

“FCA” has the meaning set out in recital (a);

 

“General Meeting” has the meaning set out in clause 2.1;

 

“Initial Term” has the meaning set out in clause 3.2;

 

“Party” and “Parties” have the meaning set out in the introductory paragraph;

 

“Peugeot 1810” has the meaning set out in the introductory paragraph;

 

“PSA” has the meaning set out in recital (a);

 

“Stellantis” has the meaning set out in recital (a);

 

“Stellantis Shares” means the common shares of Stellantis;

 

“Understanding” has the meaning set out in recital (d);

 

“Undertakings” means the undertaking letters entered into by EXOR with FCA and by Établissements Peugeot Freres S.A. and FFP S.A. with PSA, respectively, on 17 December 2019 setting out, inter alia, certain undertakings of the parties thereto vis-à-vis FCA and PSA in the context of the Combination, and to which Peugeot 1810 has adhered on 18 September 2020.

 

 

 

 

 

 

 

 

 

 

 

 

 

and

 

 

 

 

EXOR N.V.

Gustav Mahlerplein 25 A

1082 MS Amsterdam

The Netherlands

Attention: John Elkann

Email: j@exor.com

 

Peugeot 1810 S.A.S.

66, Avenue Charles de Gaulle

92200 Neuilly-sur-Seine

France

Attention: Bertrand Finet

Email: bertrand.finet@peugeot-invest.com

 

or such other address as the Party to be given notice may have notified to the other Party from time to time in accordance with this clause 5.3 for that purpose.

 

A notice shall be effective, in the absence of earlier receipt, (i) if served by personal delivery or sent by courier service, at the time of delivery, (ii) if sent by registered or certified mail, at the expiration of 7 (seven) days after the time of posting and (iii) if sent by email, at the time the email was sent.

 

 

 

 

 

 

[signature pages follow]

IN WITNESS WHEREOF, this Understanding has been entered into on the date first written above. It may be executed in any number of counterparts, which has the same effect as if the signatures on the counterparts were on a single copy of this Understanding.

 

Exhibit 8

Joint Press Release

EXOR AND PEUGEOT 1810 STRENGHTEN RELATIONS TO SUPPORT STELLANTIS

AND DISCUSS AREA OF COMMON INTEREST

 

Amsterdam / Neuilly-sur-Seine, April 14, 2021. On occasion of the first Annual General Meeting of Stellantis, Exor N.V. ("Exor") and Peugeot 1810 SAS ("Peugeot 1810"), both significant shareholders in Stellantis N.V., announce that they have entered into a consultation understanding aimed at strengthening the relations between the Agnelli and Peugeot families and to provide support for Stellantis in its long term success.

 

The understanding is intended to promote a free exchange of perspectives but does not include any obligation concerning the exercise of voting rights or to otherwise coordinate any actions related to their respective rights and obligations as shareholders in Stellantis. EXOR and Peugeot 1810 will remain free at all times to exercise their voting rights in Stellantis autonomously and independently, at their own discretion, and without being bound by any discussions between them.

 

These meetings will also provide an opportunity for representatives of the two families to discuss topics of common interest, such as best practice in the stewardship of family businesses.

 

About Exor

 

Exor is one of Europe’s largest diversified holding companies controlled by the Agnelli family. For over a century, Exor has made successful investments and built great companies worldwide with a culture that combines entrepreneurial spirit and financial discipline. With a Net Asset Value of around $30 billion, its portfolio is principally made up of companies in which Exor is the largest shareholder: Ferrari, PartnerRe, Stellantis, CNH Industrial, Juventus FC, The Economist, GEDI Gruppo Editoriale and SHANG XIA.

 

About Peugeot 1810

 

Peugeot 1810 is the joint venture between Peugeot Invest and its controlling shareholder Etablissements Peugeot Frères, which owns the shareholdings in Stellantis and Faurecia, the Peugeot family group automotive companies.

 

www.peugeot-invest.com