investors
Shareholders' structure
The share capital of Ferrari amounted to €2,573 thousand, consisting of 193,923,499 common shares and 63,349,112 special voting shares, all with nominal value of €0.01 per share, as at March 3, 2025. At the same date, Ferrari held 15,785,877 common shares and 6,682,906 special voting shares in treasury.
| As of March 3, 2025 | No. common shares |
|---|---|
| No. common shares issued | 193,923,499 |
| No. common shares held in treasury | 15,785,877 |
| No. outstanding common shares | 178,137,622 |
| As of March 3, 2025 | No. special voting shares |
|---|---|
| No. special voting shares issued | 63,349,112 |
| No. special voting shares held in treasury | 6,682,906 |
| No. outstanding special voting shares | 56,666,206 |
Common shares of Ferrari are listed and can be traded under the ticker RACE on both the NYSE and Euronext Milan (previously named Mercato Telematico Azionario, “MTA”). For more information please see the “Stock Info” section.
| Shareholder(1) - As of March 3, 2025 | % of outstanding common shares |
|---|---|
| Exor N.V.(2)(3) |
21.20% |
| Trust Piero Ferrari(2)(3) |
10.61% |
| Other public shareholders | 68.19% |
| Total outstanding common shares | 100.00% |
| Shareholder(4) - As of March 3, 2025 | % of voting rights |
|---|---|
| Exor N.V.(2)(3) |
32.17% |
| Trust Piero Ferrari(2)(3) |
16.09% |
| Public shareholders | 51.74% |
| Total outstanding special voting shares | 100.00% |
NOTE
(1) The percentages of share capital set out in this table are calculated as the ratio of (i) the aggregate number of outstanding common shares beneficially owned by the shareholder to (ii) the total number of outstanding common shares (net of treasury shares) of Ferrari. These percentages may slightly differ from the percentages of share capital included in the public register held by the AFM of all notifications made pursuant to the disclosure obligations under chapter 5.3 of the Dutch Act on financial supervision (Wet op het financieel toezicht; the “AFS”), inter alia, because any shares held in treasury by Ferrari are included in the relevant denominators for purposes of the AFS disclosure obligations.
(2) Each of Exor and Trust Piero Ferrari participate in the loyalty voting program of Ferrari. As of March 3, 2025, Exor owned 37,768,613 special voting shares and Trust Piero Ferrari owned 18,892,160 special voting shares. Therefore, as discussed above in this section, the voting power of Exor and Trust Piero Ferrari in Ferrari is higher than the percentage of common shares beneficially held as presented in this table.
(3) Exor N.V. and Mr. Piero Ferrari informed Ferrari that they have entered into a shareholder agreement, recently amended to reflect adherence by Trust Piero Ferrari, summarized under “Major Shareholders—Shareholders’ Agreement” contained in the 2024 Annual Report and Form 20-F.
(4) The percentages of voting rights set out in this table may slightly differ from the percentages of share capital and voting rights included in the public register held by the AFM of all notifications made pursuant to the disclosure obligations under chapter 5.3 of the Dutch Act on financial supervision (the “AFS”), inter alia, because any shares held in treasury by Ferrari are included in the relevant denominators for purposes of the AFS disclosure obligations, although such treasury shares cannot be regarded to be part of Ferrari’s “outstanding share capital” and therefore have not been taken into consideration for the calculations of the percentages of share capital and voting rights set out in this table.