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Posted On: 04/14/2017 2:19:27 PM
Post# of 2218
$RACE Ferrari N.V. (RACE) announced that all resolutions proposed to Shareholders at the Ferrari's Annual General Meeting of Shareholders held today in Schiphol-Rijk, the Netherlands, were passed.
The Shareholders adopted the 2016 Annual Accounts and Ferrari will be in a position to proceed with a cash distribution to the holders of common shares of Euro 0.635 per common share,
corresponding to a total distribution of approximately Euro 120 million. Additionally, the Shareholders delegated to the Board of Directors authority
to purchase common shares of Ferrari up to a maximum of 10% of Ferrari's issued common shares as of the date of the AGM.
The Shareholders adopted the 2016 Annual Accounts and Ferrari will be in a position to proceed with a cash distribution to the holders of common shares of Euro 0.635 per common share,
corresponding to a total distribution of approximately Euro 120 million. Additionally, the Shareholders delegated to the Board of Directors authority
to purchase common shares of Ferrari up to a maximum of 10% of Ferrari's issued common shares as of the date of the AGM.
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