Summary

In the extraordinary general meeting of shareholders (“EGMS”) of Spyker N.V. (“Spyker”) held today, all proposed resolutions on the agenda have been adopted.

For a Dutch version of this press release please click here.

Details

Appointments

Mr. Qingnian Pang of Zhejiang Youngman Passenger Car Group Co. Ltd. has been appointed member of the supervisory board of Spyker for a term of four years. 

Mr. Arjen Dikken was appointed member of the management board of Spyker (CFO), also for a term of four years. 

Reverse stock split

The EGMS approved an amendment of the articles of association of Spyker, enabling a reverse stock split by combining 100 shares with a nominal value of EUR 0.04 each to one new share with a nominal value of EUR 1.30. 

The amendment of the articles of association will become effective per 2 January 2013 before opening of NYSE Euronext in Amsterdam. Trading of ordinary shares in the new nominal value will start on Wednesday 2 January 2013. 

The last trading day of the ordinary Spyker shares with the current nominal value of EUR 0.04 will be Monday 31 December 2012. The ISIN Code for the ordinary Spyker shares with the new nominal value of EUR 1.30 will be NL0010363529. The Euronext symbol SPYKR remains unchanged. 

For a holder of existing ordinary Spyker shares, the reverse stock split will be processed by the bank or broker where his or her shares are registered. Members of NYSE Euronext in Amsterdam (“Members”) are requested to inform their clients about the method to execute the exchange of fractional entitlements: fractions of 50 or more existing ordinary shares of nominal EUR 0.04 will be rounded upwards to 100 existing shares, against a proportionate supplemental payment. Fractions of less than 50 existing ordinary shares of nominal EUR 0.04 will be rounded downwards to zero, against proportionate repayment.

After the execution of the reverse stock split, Spyker will have 3.7 million shares outstanding with a nominal value of EUR 1.30 per share.

In principal, the holders of existing ordinary Spyker shares shall not be required to pay a commission for the execution of the reverse stock split. Members will receive a commission for the settlement and rounding off of fractions.

Files

• Besluiten BAVA Spyker, Reverse Stock Split Goedgekeurd 20121221, Fin