Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 267

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 10
Chunk 267
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 Information - Articles of Association - Polestar Articles and English Law Considerations - Indemnity of Directors” in Item 10. B above.

Table of Contents

At the Business Combination Closing, Polestar adopted the Equity Plan and the Employee Stock Purchase Plan (each, as defined and described below). See Item 7. B “Major Shareholders and Related Party Transactions - Related Party Transactions” for descriptions of material contracts.

For additional information on agreements related to the Business Combination, please see Item 7. B “Major Shareholders and Related Party Transactions - Related Party Transactions - Business Combination Related Agreements,” which is incorporated herein by reference.

D. Exchange Controls

There is no exchange control legislation or regulation in England or Wales except by way of such as freezing of funds of, and/or prohibition of new investments in, certain jurisdictions subject to international sanction.

E. Taxation

Material U. S. Federal Income Tax Considerations

This section describes the material U. S. federal income tax considerations to U. S. Holders (as defined below) of the ownership and disposition of ADSs. This discussion is based on the Internal Revenue Code of 1986, as amended (the “Code”), its legislative history, existing and proposed Treasury regulations promulgated under the Code (the “Treasury Regulations”), published guidance by the IRS and court decisions, all as of the date hereof, and does not take into account proposed changes in such tax laws. These laws are subject to change, possibly on a retroactive basis. This discussion is necessarily general and does not address all aspects of U. S. federal income taxation, including the effect of any U. S. federal alternative minimum tax, or U. S. federal estate and gift tax, or any state, local or non-U. S. tax laws to a holder of ADSs. This discussion also assumes the Company will not be a “controlled foreign corporation” as defined in the Code. The Company has not sought and does not intend to seek any rulings from the IRS regarding the ADSs. There is no assurance that the IRS will not take positions concerning certain tax consequences of the ownership and disposition of ADSs that are different from those discussed below, or that any such different positions would not be sustained by a court.

Further, this discussion applies only to ADSs held as capital assets for U. S. federal income tax purposes (generally, property held for investment) and does not discuss all aspects of U. S. federal income taxation that