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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 December 31, 2023. At the same date, Ferrari held 13,505,409 common shares and 16,240 special voting shares in treasury.
As of December 31, 2023 No. common shares
No. common shares issued 193,923,499
No. common shares held in treasury 13,505,409
No. outstanding common shares 180,418,090
As of December 31, 2023 No. special voting shares
No. special voting shares issued 63,349,112
No. special voting shares held in treasury 16,240
No. outstanding special voting shares 63,332,872
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 February 9, 2024 % of outstanding common shares
Exor N.V.(2)(5)
 24.65%
Trust Piero Ferrari(2)(5)
 10.48%
BlackRock, Inc.(3) 6.07%
Other public shareholders 58.80%
Total outstanding common shares 100.00%
Shareholder(4) - As of February 9, 2024
 % of outstanding special voting shares % of voting rights
Exor N.V.(2)(5) 70.16% 36.48%
Trust Piero Ferrari(2)(5) 29.83% 15.51%
Public shareholders 0.01% 48.01%
Total outstanding special voting shares 100.0% 100.0%

(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 February 9, 2024, Exor owned 44,435,280 special voting shares and Trust Piero Ferrari owned 18,892,160 special voting shares. Therefore, 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) Based on filings with the SEC (Amendment No. 1 to Schedule 13G filed on February 13, 2024, File No. 005-89223), BlackRock, Inc. is a parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G) and, out of the common shares beneficially owned as set forth in the table, it has sole voting power over 10,278,339 common shares.

(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.

(5) 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 “Item 7.A. Major Shareholders and Related Party Transactions—Major Shareholders—Shareholders’ Agreement” contained in the Form 20-F for the year ended December 31, 2023.