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.
Delphi 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