It was held the meeting of shareholders Ferrari: Felisa confirmed in the role of director. Marchionne: “The production remains in Maranello but do not rule out an increase.”
TURIN – took place yesterday in the Netherlands General Meeting of Shareholders Ferrari, where the budgets were approved in 2015 and re-elected all the current directors of Ferrari. Amedeo Felisa and Sergio Marchionne were re-elected executive directors of Ferrari. Piero Ferrari, Louis C. Camilleri, Giuseppina Capaldo, Eduardo H. Cue, Sergio Duca and Elena Zambon were re-elected non-executive directors of Ferrari. In addition, Shareholders have appointed Delphine Arnault, John Elkann, Lapo Elkann, Maria Patrizia Grieco and Adam Keswick as non executive directors of Ferrari.
DIVIDENDS – Shareholders also delegate the Board of Directors the power to purchase ordinary shares of Ferrari up to a maximum of 10% of common shares outstanding on the date. According to the delegation, which does not involve any obligation for Ferrari, but is designed to provide additional flexibility, Ferrari can purchase within 18 months of the Meeting own shares, at a price that does not exceed by more than 10% that is not less more than 10% of the average closing price on the NYSE and / or the MTA in the five days preceding the purchase. Following today’s approval of Ferrari budgets can proceed with a distribution to the holders of ordinary shares of 0.46 euros per ordinary share, corresponding to a total distribution of approximately 87 million Euro. The payment date is next May 30, 2016, as previously approved by the Company’s Board of Directors.
FERRARI REMAINS IN MARANELLO – At the sidelines Sergio Marchionne responded to a shareholder: “No way to move production from Maranello.” As for the possibility of making a hybrid Ferrari, the manager replied: “We are very busy in the hybrid, you have seen the work in Formula 1. A few years ago we produced a car that shows that we can afford the hybrid to high technology”. According to the president of Ferrari “in the medium and long term electrification is important because the car is more environmentally acceptable. We need to examine the issue – he said – but we will devote ourselves to this industry.”
VOLUMES ON THE RISE? – As for any increase in production Marchionne said: “We remain committed to maintaining the exclusivity of the Ferrari brand and to respect what he said Enzo Ferrari ‘car producing less than what the market wants. However, we believe that the demand for Ferrari is strong and growing, and will seize the opportunities offered by the market. If the market conditions were adequate we will evaluate the increase in production volumes gradually in the coming years “.
ALLIANCES FCA – on Thursday evening, the FCA Chairman John Elkann, it was confirmed that “there is no acceleration in the search for a partner for Fca”, pointing out that the argument remains valid, without giving any indication on the timing and ways. If you have to make efforts size is a value. Today it seems that for some manufacturers is more important to ride the technological innovations that make and sell cars, but the market continues to be crucial, “said Elkann.” We must not make unilateral decisions about a candidate or of a technology company, they are betting dangerous for the industry. The percentage of companies that will die is huge, we must remain open to all, “he observed to Sergio Marchionne.
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