DIVIDEND DISTRIBUTION PROPOSAL

Rhea-AI Summary

Ferrari N.V. (NYSE/EXM: RACE) announced a proposed dividend of Euro 1.362 per common share, marking a 57% increase from the previous year, totaling around Euro 250 million. This proposal will be presented to shareholders at the Annual General Meeting on April 13, 2022. If approved, the dividend's ex-date will be April 19, 2022, record date April 20, 2022, with payment scheduled for May 6, 2022.

Positive

• Proposed dividend of Euro 1.362 represents a 57% increase from the prior year.
• Total distribution of approximately Euro 250 million reflects strong financial performance.

Negative

• None.

Ferrari N.V. (NYSE/EXM: RACE) (the “Company”) announced today that its Board of Directors intends to recommend to the Company’s shareholders a dividend distribution to the holders of common shares of Euro 1.362 per common share, implying an increase of 57% compared to the prior year and corresponding to a total distribution of approximately Euro 250 million.

The distribution will be subject to its approval by the Annual General Meeting of Shareholders which is scheduled to be held on April 13, 2022.

If shareholders approve the proposed dividend distribution, the ex-date is expected to be April 19, 2022, the record date April 20, 2022 on both EXM and NYSE and the payment date May 6, 2022.

Attachment

• FNV 2022 Dividend Distribution Proposal PR 25.2.22 ENG

FAQ

What is the proposed dividend amount for Ferrari (RACE) in 2022?

The proposed dividend amount is Euro 1.362 per common share.

When is the Annual General Meeting for Ferrari (RACE) to approve the dividend?

The Annual General Meeting is scheduled for April 13, 2022.

What are the key dates related to Ferrari's dividend distribution?

The ex-date is April 19, 2022, the record date is April 20, 2022, and the payment date is May 6, 2022.

How much will Ferrari (RACE) distribute in total dividends?

Ferrari plans to distribute approximately Euro 250 million in total dividends.