FERRARI ANNOUNCES VOTING RESULTS FROM ITS ANNUAL GENERAL MEETING
16 Aprile 2025 - 11:26AM
Maranello (Italy), 16 April 2025 -
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 2024 Annual
Accounts, expressed a positive advice with respect to the
Remuneration Report 2024 and approved a dividend in cash1 of Euro
2.986 per outstanding common share, totalling approximately Euro
534 million. The outstanding common shares will be quoted
ex-dividend from April 22, 2025 on EXM and from April 23, 2025 on
NYSE. The record date for the dividend will be April 23, 2025 on
both EXM and NYSE and the dividend on the outstanding common shares
will be paid on May 6, 2025. 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, 2025.
The AGM 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, Michelangelo Volpi and Tommaso
Ghidini 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.
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 10 (ten).The Shareholders also
re-appointed Deloitte Accountants B.V. as the Company’s independent
auditor for the financial year 2025.
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 Giu 2025 a Lug 2025
Grafico Azioni Ferrari NV (BIT:RACE)
Storico
Da Lug 2024 a Lug 2025
