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Separation of Ferrari from FCA completed

Staff writer |
Fiat Chrysler Automobiles and Ferrari announced that the separation of the Ferrari business from the FCA group was completed on January 3, 2016.




FCA shareholders are entitled to receive one common share of Ferrari for every 10 FCA common shares held. In addition, holders of FCA mandatory convertible securities are entitled to receive 0.77369 common shares of Ferrari for each MCS unit of $100 in notional amount.

The Ferrari common shares outstanding following the separation are 188,923,499, while the issued common shares in the capital of Ferrari are 193,923,499.

In addition FCA shareholders participating in the company's loyalty voting program will receive one special voting share of Ferrari for every 10 special voting shares of FCA held.

The Ferrari special voting shares issued and outstanding as of completion of the separation are 56,497,618. Special voting shares are not listed and cannot be traded.

Ferrari common shares will continue to trade on the NYSE under the RACE ticker symbol, but from January 4, 2016, the shares will trade under the new CUSIP N3167Y 103.

Ferrari common shares have been approved for listing and are expected to commence trading on the Mercato Telematico Azionario (MTA) on January 4, 2016, under the RACE ticker symbol and the ISIN code NL0011585146.


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