Fiat Chrysler Automobiles has completed the separation of the Ferrari business

Fiat Chrysler Automobiles has completed the separation of the Ferrari business

Fiat Chrysler Automobiles has announced the separation of the Ferrari business from the FCA group was completed on Sunday, 3 January, 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 US$100. 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.

FCA shareholders participating in the company's loyalty voting programme 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 continued to trade on the New York Stock Exchange (NYSE) under the RACE ticker symbol but from today, Monday, January 4, 2016, they will trade under the new CUSIP N3167Y 103.

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