FERRARI ANNOUNCES VOTING RESULTS FROM ITS ANNUAL GENERAL MEETING
15 Aprile 2021 - 01:48PM
Maranello (Italy), 15 April
2021 - Ferrari N.V. (“Ferrari” or the
“Company”) (NYSE/MTA: RACE) announced today that
all resolutions proposed to Shareholders at the Ferrari’s Annual
General Meeting of Shareholders (the “AGM”) held
today virtually were passed.
The Shareholders approved the 2020 Annual
Accounts, expressed a positive advice with respect to the
Remuneration Report 2020 and approved a dividend in cash1 of Euro
0.867 per outstanding common share, totalling approximately Euro
160 million. The outstanding common shares will be quoted
ex-dividend from April 19, 2021. The record date for the dividend
will be April 20, 2021 on both MTA and NYSE and the dividend on the
outstanding common shares will be paid on May 5, 2021. 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 15,
2021.
The AGM re-elected all Ferrari directors
standing for re-election. John Elkann was re-elected as executive
director of Ferrari. Piero Ferrari, Delphine Arnault, Francesca
Bellettini, Eduardo H. Cue, Sergio Duca, John Galantic, Maria
Patrizia Grieco and Adam Keswick were re-elected as non-executive
directors of Ferrari. In addition, the Shareholders appointed Ernst
& Young Accountants LLP as Ferrari’s independent auditor until
the 2022 Annual General Meeting of Shareholders.
The AGM renewed, for a period of 18 months from
the date of the AGM, the existing delegations to the Board of
Directors of the Company of the authority to issue common and
special voting shares, to grant rights to subscribe for common and
special voting shares, and to limit or exclude pre-emptive rights
for common shares, 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.
The Shareholders further approved the awards
(and the metrics and targets applicable thereto) to the executive
director under the Company’s new equity incentive plan.
Details of the resolutions submitted to the AGM
are available on the Company’s corporate website at
http://corporate.ferrari.com.
Concurrently with the AGM, the Company published
its 2020 Sustainability Report. This Report was prepared in
accordance with the GRI Standards, the main international framework
for reporting on governance, environmental and social themes.
To view the 2020 Sustainability Report online,
please visit the following link:
http://corporate.ferrari.com/en/investors/results/reports.
Il Bilancio di Sostenibilità 2020 è disponibile
on line al seguente link:
http://corporate.ferrari.com/it/investors/risultati/report.
________________________________________[1] The
coupon number of the dividend is 6 (six).
- FNV AGM PR 15.4.2021 ENG_
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