Delphi Automotive (NYSE: DLPH) today filed a resale shelf registration statement with the Securities and Exchange Commission (SEC) on Form S-1 to permit sales of ordinary shares by certain pre-IPO shareholders, pursuant to the terms of the shareholder agreements resulting from Delphi’s initial public offering. Delphi is neither selling nor offering any shares under the registration statement, and will not receive any proceeds from any sales.
As disclosed in Delphi’s IPO prospectus, all of its existing pre-IPO shareholders agreed to lock-up 70 percent of their ordinary shares for 180 days following the IPO. This registration statement will facilitate the ability by these shareholders to sell those shares, if they elect to do so, following expiration of the lock-up on May 14, 2012. As such, the sale of the remaining shares can commence on May 15, 2012. These securities may not be sold nor may offers to buy be accepted until the registration statement is declared effective by the SEC.
Copies of the prospectus are available from Delphi Investor Relations.
About DelphiDelphi Automotive PLC (NYSE: DLPH) is a leading global supplier of electronics and technologies for automotive, commercial vehicle and other market segments. Operating major technical centers, manufacturing sites and customer support facilities in 30 countries, Delphi delivers real-world innovations that make products smarter and safer as well as more powerful and efficient. Connect to innovation at www.delphi.com .
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV