SOUTHFIELD, Mich., Dec. 21 /PRNewswire-FirstCall/ -- Lear Corporation , a leading global supplier of automotive seating systems and electrical distribution and power management systems, announced today that its Warrants to purchase Common Stock, par value $0.01 per share, issued in connection with Lear's emergence from Chapter 11 bankruptcy proceedings, have become exercisable.
As of December 21, 2009, Lear had 8,155,353 Warrants outstanding. The Warrants are exercisable on a one-for-one basis for an aggregate of up to 8,155,353 shares of Lear Common Stock at an exercise price of $0.01 per share of Common Stock. The Warrants expire at 5:00 p.m. New York City Time on November 9, 2014.
Holders may exercise the Warrants by delivering a notice of election to exercise the Warrants to Mellon Investor Services, as Warrant Agent, in accordance with the procedures set forth in the Warrant Agreement, dated November 9, 2009. Questions regarding the exercise of the Warrants may be directed to the Warrant Agent at 1-800-777-3674.
Lear Corporation is one of the world's leading suppliers of automotive seating systems and electrical distribution and power management systems. The Company's world-class products are designed, engineered and manufactured by a diverse team of approximately 75,000 employees at 205 facilities in 36 countries. Lear's headquarters are in Southfield, Michigan, and Lear's common shares are traded on the New York Stock Exchange under the symbol [LEA]. Further information about Lear is available on the Internet at http://www.lear.com/.
Lear Corporation
CONTACT: Mel Stephens, +1-248-447-1624
Web Site: http://www.lear.com/
