FERRARI ANNOUNCES VOTING RESULTS FROM ITS ANNUAL GENERAL MEETING

Ferrari (NYSE/EXM: RACE) announced that all AGM resolutions held on April 15, 2026 were passed.

Rhea-AI Summary

Ferrari (NYSE/EXM: RACE) announced that all AGM resolutions held on April 15, 2026 were passed. Shareholders approved the 2025 Annual Accounts, the Remuneration Report 2025 and a cash dividend of €3.615 per common share (~€640 million total).

The dividend goes ex-dividend on EXM April 20, 2026 and on NYSE April 21, 2026, with record date April 21, 2026 and payment on May 5, 2026. The AGM re-elected directors, renewed share-issuance and share-repurchase authorizations (repurchase up to 10% for 18 months), cancelled treasury common and special voting shares, and re-appointed Deloitte for 2026.

Positive

• Dividend €3.615 per common share (~€640M total)
• Share repurchase authorization renewed to repurchase up to 10% for 18 months
• Treasury shares cancelled (common and special voting), potentially supporting EPS

Negative

• Share issuance delegation renewed, enabling potential dilution over 18 months
• Pre-emptive rights may be limited/excluded, increasing issuance flexibility and dilution risk

Argus Apr 15 session

-0.30% close to close 0.6x rel. volume Open Argus

Details

News Market Reaction – RACE

On Apr 15, the day this news came out, RACE closed 0.30% below the previous close.

Data tracked by StockTitan Argus for the Apr 15 session.

Key Figures

Cash dividend per share: €3.615 per common share Total dividend: approximately €640 million Max share repurchase: Up to 10% of common shares +5 more

Cash dividend per share

€3.615 per common share

Dividend approved at 2026 AGM on 2025 Annual Accounts

Total dividend

approximately €640 million

Aggregate cash dividend on outstanding common shares

Max share repurchase

Up to 10% of common shares

Board authorization renewed for 18 months from AGM date

Authorization duration

18 months

Issuance rights and repurchase authorization from AGM date

Ex-dividend date EXM

April 20, 2026

Date common shares trade ex-dividend on Euronext Milan

Ex-dividend date NYSE

April 21, 2026

Date common shares trade ex-dividend on NYSE

Dividend payment date

May 5, 2026

Cash dividend payment on outstanding common shares

Dividend coupon number

11

Coupon number assigned to this dividend distribution

Historical Context

5 past events · Latest: Apr 10

5 events

1. Apr 10

   Buyback tranche update

   24h Move

   -0.1%

   Completion of first buyback tranche and launch of second €250m tranche.

2. Apr 07

   Buyback progress report

   24h Move

   -1.1%

   Disclosure of cumulative shares and spend under €250m first tranche.

3. Mar 30

   Buyback activity update

   24h Move

   +3.1%

   Further details on EXM and NYSE repurchases and treasury share build.

4. Mar 23

   Buyback progress update

   24h Move

   +4.6%

   Report of additional repurchases and treasury position near 9% of shares.

5. Mar 16

   Buyback report

   24h Move

   -0.2%

   Ongoing execution of €250m first tranche within €3.5bn program.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ex-dividend, record date, special voting shares, independent auditor, +3 more

7 terms

ex-dividend financial

"The outstanding common shares will be quoted ex-dividend from April 20, 2026 on EXM..."

Ex-dividend describes a stock trading without the right to receive the next scheduled dividend payment; if you buy the share on or after the ex-dividend date, the upcoming payout goes to the seller instead of you. It matters to investors because the stock price typically adjusts to reflect that lost payout, so understanding the ex-dividend date helps decide whether a trade will capture the dividend and can affect short-term price moves and tax or income strategies.

View in glossary

record date financial

"The record date for the dividend will be April 21, 2026 on both EXM and NYSE..."

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

special voting shares financial

"cancellation of all the special voting shares held by the Company on April 15, 2026."

Shares that carry extra or different voting power than ordinary shares, allowing their holders to control corporate decisions disproportionate to their economic stake. For investors this matters because these shares can concentrate control in the hands of a few — like owning the steering wheel while others own most of the car — which can affect board choices, strategic direction, minority shareholder influence and the value or liquidity of ordinary shares.

independent auditor regulatory

"re-appointed Deloitte Accountants B.V. as the Company’s independent auditor..."

An independent auditor is an outside, qualified accounting professional or firm that examines a company's financial records and controls to determine whether its financial statements are accurate and prepared according to accepted accounting rules. Like a neutral referee or home inspector, the auditor issues a report that gives investors confidence (or raises red flags) about the reliability of the numbers, which affects assessments of risk, valuation and investment decisions.

sustainability assurance provider regulatory

"appointed the same Deloitte Accountants B.V. as the Company’s independent sustainability assurance provider..."

An independent firm that checks and verifies a company's environmental, social and governance (ESG) claims, data and sustainability reports to ensure they are accurate and complete. Think of it as a third‑party fact‑checker or building inspector for nonfinancial performance; investors use their findings to judge whether sustainability commitments are credible, to reduce the risk of greenwashing, and to compare companies more reliably when making investment decisions.

pre-emptive rights financial

"to limit or exclude pre-emptive rights for common shares (for a period of 18 months..."

An investor's pre-emptive rights are the option given to existing shareholders to buy new shares before they are offered to the public or new investors, letting them maintain their percentage ownership and voting power. Think of it like a right of first refusal at a sale: it prevents ownership from being diluted by allowing current holders to keep the same stake, which matters because dilution can reduce influence and the share of future profits.

dividend in cash financial

"approved a dividend in cash1 of Euro 3.615 per outstanding common share..."

A dividend in cash is a direct payment of money a company gives to its shareholders from profits or reserves, delivered as a per-share cash amount. It matters to investors because it provides regular income, signals the company's ability to generate and share profits (like a paycheck from ownership), can make a stock more attractive, and reduces the company’s cash balance which may affect future growth and share value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Maranello (Italy), 15 April 2026 - 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 2025 Annual Accounts, expressed a positive advice with respect to the Remuneration Report 2025 and approved a dividend in cash¹ of Euro 3.615 per outstanding common share, totalling approximately Euro 640 million. The outstanding common shares will be quoted ex-dividend from April 20, 2026 on EXM and from April 21, 2026 on NYSE. The record date for the dividend will be April 21, 2026 on both EXM and NYSE and the dividend on the outstanding common shares will be paid on May 5, 2026. 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 16, 2026.

The AGM re-appointed all Ferrari directors standing for election. John Elkann and Benedetto Vigna were re-elected as executive directors of Ferrari. Piero Ferrari, Delphine Arnault, Francesca Bellettini, Eduardo H. Cue, Sergio Duca, John Galantic, Maria Patrizia Grieco, Michelangelo Volpi and Tommaso Ghidini were re-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.

________________________________________
The coupon number of the dividend is 11 (eleven).
The AGM also approved the cancellation of all the common shares held by the Company on December 31, 2025 in its own share capital, as well as the cacellation of all the special voting shares held by the Company on April 15, 2026.

The Shareholders re-appointed Deloitte Accountants B.V. as the Company’s independent auditor for the financial year 2026 and appointed the same Deloitte Accountants B.V. as the Company’s independent sustainability assurance provider for the financial year 2026.

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, most of which are outside of the Group’s control, including global economic conditions, macro events, pandemics, conflicts, hostilities and scenarios of geopolitical instability.

For further information:
Media Relations
Email: media@ferrari.com

Attachment

• FNV AGM PR 15.4.2026 ENG

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did Ferrari (RACE) approve at the April 15, 2026 AGM?

Ferrari approved a cash dividend of €3.615 per common share, totaling approximately €640 million. According to the company, the dividend will be paid on May 5, 2026 to shareholders on the April 21, 2026 record date, with ex-dividend dates on April 20–21, 2026.

When will Ferrari (RACE) trade ex-dividend and when is the dividend paid?

Ferrari shares trade ex-dividend on EXM from April 20, 2026 and on NYSE from April 21, 2026. According to the company, the record date is April 21, 2026 and the cash dividend will be paid on May 5, 2026, with USD conversion for NYSE-traded shares.

What share buyback authority did Ferrari (RACE) obtain at the April 15, 2026 AGM?

The AGM renewed authorization for the Board to repurchase up to 10% of common shares issued as of the AGM date for 18 months. According to the company, repurchases are permitted within regulatory price thresholds and are not an obligation.

Did Ferrari (RACE) approve any share issuance powers that could dilute shareholders?

Yes. Shareholders renewed delegations allowing the Board to issue common shares and grant subscription rights for 18 months, subject to caps. According to the company, these delegations may include limits or exclusions of pre-emptive rights, enabling issuance flexibility.

Which directors were re-elected at Ferrari's (RACE) April 15, 2026 AGM?

All directors standing for election were re-appointed, including executive directors John Elkann and Benedetto Vigna. According to the company, non-executive directors re-elected include Piero Ferrari, Delphine Arnault and others listed by the Board.

What corporate actions regarding treasury and special voting shares did Ferrari (RACE) approve?

The AGM approved cancellation of all common shares held by Ferrari on December 31, 2025 and cancellation of special voting shares held on April 15, 2026. According to the company, these cancellations were adopted alongside other capital authorizations and governance measures.