Ferrari announces voting results from its Annual General Meeting
16 Aprile 2020 - 04:51PM
Maranello (Italy), 16 April
2020 - 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 in Amsterdam, the Netherlands, were passed.
The Shareholders approved the 2019 Annual
Accounts, expressed a positive advice with respect to the
Remuneration Report 2019 and approved a dividend in cash of Euro
1.13 per outstanding common share, totalling approximately Euro 210
million. The outstanding common shares will be quoted ex-dividend
from April 20, 2020. The record date for the dividend will be April
21, 2020 on both MTA and NYSE and the dividend on the outstanding
common shares will be paid on May 5, 2020. 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, 2020.
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,
Francesca Bellettini, Roberto Cingolani, Eduardo H. Cue, Sergio
Duca, John Galantic, Maria Patrizia Grieco and Adam Keswick were
elected as non-executive directors of Ferrari. In addition, the
Shareholders appointed Ernst & Young Accountants LLP as
Ferrari’s independent auditor until the 2021 Annual General Meeting
of Shareholders.
The Shareholders approved to amend the
remuneration policy of the Board of Directors to align it with new
legislation.
The AGM also 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 Chairman
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 2019 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 2019 Sustainability Report online,
please visit the following link:
http://corporate.ferrari.com/en/investors/results/reports.
1 The coupon number of the dividend is 5 (five).
- FNV 2020 AGM PR (ENG) 16-4-20
Grafico Azioni Ferrari NV (BIT:RACE)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Ferrari NV (BIT:RACE)
Storico
Da Mar 2023 a Mar 2024