FCA Group confirms separation of Ferrari business

Article by Christian Andrei, on January 7, 2016

As announced by Fiat Chrysler Automobiles N.V., the separation process of the Ferrari business from the FCA group came to be completed on the 3rd of January, 2016. According to the deal, FCA shareholders are entitled to receive one common share of Ferrari in place of every 10 FCA common shares that they were holding.

Besides this, the shareholders of FCA mandatory convertible securities are also entitled to get 0.77369 Ferrari common shares for every one MCS unit of $100 in notional amount. Following the separation, the outstanding number of Ferrari common shares is 188,923,499 whereas 193,923,499 common shares are issued in the capital of Ferrari.

Another benefit that the shareholders will have is that those FCA shareholders who are participating in the loyalty voting program will be entitled to one special Ferrari voting share for every 10 special FCA voting shares. On completion of the separation, the issued and outstanding Ferrari special voting shares total to 56,497,618.

These special voting shares cannot be traded and are unlisted. The trading of Ferrari common shares on the NYSE will be continued under the RACE ticker symbol. But from the fourth of January, 2016 onwards, these shares will be under the new CUSIP N3167Y 103 for trading.

Their listing has been approved and they are up for trading on the MTA (Mercato Telematico Azionario) under the RACE ticker symbol with the ISIN code NL0011581546 from fourth of January 2016. The Corporate Investors page on http://www.ferrari.com contains the MTA listing prospectus and other related documents.

Computershare Trust Company, N.A. is the transfer agent and registrar for the Ferrari’s common shares. Shareholders can contact Computershare for Ferrari common shares’ distribution queries via phone at +1-866-289-9404 or via email at webqueries@computershare.com.

Those shareholders who are holding common shares through a bank, broker or other intermediary or nominee should directly come in touch with that institution.

Press Release

Separation of Ferrari from FCA Completed

Fiat Chrysler Automobiles N.V. ("FCA") (NYSE: FCAU / MTA: FCA) and Ferrari N.V. ("Ferrari") (NYSE/MTA: RACE) announced today 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.[1]

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.

The MTA listing prospectus and related documents are available on the Corporate - Investors page of the http://www.ferrari.com website. The transfer agent and registrar for the Ferrari's common shares is Computershare Trust Company, N.A.

For questions relating to the distribution of Ferrari common shares, shareholders may contact Computershare via phone at +1-866-289-9404 or via email at web.queries@computershare.com. Any shareholder that holds common shares through a bank, broker or other intermediary or nominee, should contact that institution directly.

Topics: fca, ferrari

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