Ferrari Announces Voting Results From Its Annual General Meeting
17 Aprile 2024 - 10:32AM
Maranello (Italy), 17 April
2024 - Ferrari N.V. (“Ferrari” or the “Company”)
(NYSE/EXM: RACE) announced today that all resolutions proposed to
Shareholders at the Ferrari’s Annual General Meeting of
Shareholders (the “AGM”) held today in Amsterdam, the
Netherlands, were passed.
The Shareholders approved the 2023 Annual
Accounts, expressed a positive advice with respect to the
Remuneration Report 2023 and approved a dividend in cash1 of Euro
2.443 per outstanding common share, totalling approximately Euro
440 million. The outstanding common shares will be quoted
ex-dividend from April 22, 2024. The record date for the dividend
will be April 23, 2024 on both EXM and NYSE and the dividend on the
outstanding common shares will be paid on May 3, 2024. Shareholders
holding the Company’s common shares on the record date that are
traded on the NYSE will receive the dividend in U.S. dollars at the
official European Central Bank EUR/USD exchange rate of April 17,
2024.
The AGM re-appointed all Ferrari directors
standing for election. John Elkann and Benedetto Vigna were elected
as executive directors of Ferrari. Piero Ferrari, Delphine Arnault,
Francesca Bellettini, Eduardo H. Cue, Sergio Duca, John Galantic,
Maria Patrizia Grieco, Adam Keswick and Michelangelo Volpi were
elected as non-executive directors of Ferrari.
The AGM renewed the existing delegations to the
Board of Directors of the Company of the authority to issue common
shares (for a period of 18 months from the date of the AGM), to
grant rights to subscribe for common shares and to limit or exclude
pre-emptive rights for common shares (for a period of 18 months
from the date of the AGM), subject to certain maximum amount
thresholds.
The Shareholders approved the amendment of the
Remuneration Policy of the Board of Directors to align it with new
legislation.
Furthermore, the AGM renewed, for a period of 18
months from the date of the AGM, the existing authorization of the
Board of Directors to repurchase up to a maximum of 10% of the
Company’s common shares issued as of the date of the AGM. Pursuant
to the authorization, which does not entail any obligation for the
Company but is designed to provide additional flexibility, the
Board of Directors may repurchase common shares in compliance with
applicable regulations, subject to certain maximum and minimum
price thresholds.
________________________________________[1] The
coupon number of the dividend is 9 (nine).
The Shareholders also re-appointed Deloitte
Accountants B.V. as the Company’s independet auditor for the
financial year 2024.
The Shareholders further approved the awards of
(rights to subscribe for) common shares in the capital of the
Company to the executive directors.
Details of the resolutions submitted to the AGM
are available on the Company’s corporate website at
https://www.ferrari.com/en-EN/corporate.
This press release contains forward-looking
statements. These statements are based on the Group’s current
expectations and projections about future events and, by their
nature, are subject to inherent risks and uncertainties. They
relate to events and depend on circumstances that may or may not
occur or exist in the future and, as such, undue reliance should
not be placed on them. Actual results may differ materially from
those expressed in such statements as a result of a variety of
factors, including: volatility and deterioration of capital and
financial markets, including possibility of new Eurozone sovereign
debt crisis, changes in commodity prices, changes in general
economic conditions, economic growth and other changes in business
conditions, weather, floods, earthquakes or other natural
disasters, changes in government regulation, production
difficulties, including capacity and supply constraints and many
other risks and uncertainties, including global economic
conditions, macro events, pandemics and conflicts, including the
ongoing conflict between Russia and Ukraine and the more recent
hostilities between Israel and Hamas, most of which are outside of
the Group’s control.
Grafico Azioni Ferrari NV (BIT:RACE)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Ferrari NV (BIT:RACE)
Storico
Da Apr 2023 a Apr 2024
