FCA postpones shareholders’ meeting to late June

MILAN —  Fiat Chrysler Automobiles 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.

The automaker 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, which has signed a binding merger deal with FCA to create the world’s fourth-largest automaker, also said it postponed its annual shareholders’ meeting from May 14 to June 25.