Ferrari announces voting results from its Annual General Meeting
12 Aprile 2019 - 4:11PM
Ferrari N.V. (NYSE/MTA: 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 2018 Annual
Accounts and a dividend in cash1 of Euro 1.03 per outstanding
common share, totalling approximately Euro 194 million. The
outstanding common shares will be quoted ex-dividend from April 23,
2019. The record date for the dividend will be April 24, 2019 on
both MTA and NYSE and the dividend on the outstanding common shares
will be paid on May 2, 2019. 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, 2019.
The Shareholders elected all nominees directors
of Ferrari. John Elkann and Louis C. Camilleri were elected as
executive directors of Ferrari. Piero Ferrari, Delphine Arnault,
Giuseppina Capaldo, Eduardo H. Cue, Sergio Duca, Maria Patrizia
Grieco, Adam Keswick and Elena Zambon were elected as non-executive
directors of Ferrari.
The Shareholders appointed Ernst & Young
Accountants LLP as Ferrari’s independent auditor until the 2020
Annual General Meeting of Shareholders.
The Shareholders delegated to the Board of
Directors authority to purchase common shares in the capital of
Ferrari up to a maximum of 10% of Ferrari’s issued common shares as
of the date of the AGM. Pursuant to the authorization, which does
not entail any obligation for Ferrari but is designed to provide
additional flexibility, Ferrari may purchase shares of its own
common stock from time to time in the 18 months following the AGM,
at a purchase price per share between, on the one hand, an amount
equal to the par value of the shares and, on the other hand, an
amount equal to 110% of the market price of the shares on the New
York Stock Exchange and/or the Mercato Telematico Azionario (as the
case may be), the market price being the average of the highest
price on each of the five days of trading prior to the date on
which the acquisition is made, as shown in the Official Price List
of the New York Stock Exchange and/or the Mercato Telematico
Azionario (as the case may be).
The Shareholders approved to cancel all special
voting shares in the share capital of the Company, currently held
by the Company in treasury. The cancellation may be executed in one
or more tranches, such to be determined by the Chief Executive
Officer.
The Shareholders further approved the awards
(and the metrics and targets applicable thereto) to the Chairman
and the Chief Executive Officer under the Company’s equity
incentive plans.
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 2018 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 2018 Sustainability Report online,
please visit the following link:
http://corporate.ferrari.com/en/investors/results/reports.
1 The coupon number of the dividend is 4 (four).
- FNV 2018 AGM PR (ENG) 12.4.2019 Final
Grafico Azioni Ferrari NV (NYSE:RACE)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Ferrari NV (NYSE:RACE)
Storico
Da Apr 2023 a Apr 2024
