MARANELLO, Italy, Dec. 14, 2015 /PRNewswire/ -- Ferrari N.V.
(NYSE: RACE), Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA:
FCA) ("FCA") and FE New N.V.[1] ("Ferrari") announced today that
Borsa Italiana S.p.A. has approved the listing of the common shares
of Ferrari on the Mercato Telematico Azionario organized and
managed by Borsa Italiana S.p.A. ("MTA"), subject to publication of
the related prospectus after authorization by the competent
Regulatory Authorities.
As previously announced, the listing of the common shares of
Ferrari on the MTA is part of a series of transactions intended to
separate Ferrari N.V. from Fiat Chrysler Automobiles N.V. and to
deliver to holders of FCA common shares Ferrari common shares in
accordance with a spin-off ratio of one Ferrari common share for
every ten FCA common shares.
These transactions are expected to be carried out between
December 31, 2015 and January 3, 2016 and Ferrari shares are expected
to commence trading, subject to completion of the separation, on
January 4, 2016.
This press release contains forward-looking statements. These
statements are based on current expectations and projections about
future events and, by their nature, are subject to inherent risks
and uncertainties. They relate to events and depend on
circumstances that may or may not occur or exist in the future and,
as such, undue reliance should not be placed on them. Actual
results may differ materially from those expressed in such
statements as a result of a variety of factors, including:
volatility and deterioration of capital and financial markets,
including possibility of new Eurozone sovereign debt crisis,
changes in commodity prices, changes in general economic
conditions, economic growth and other changes in business
conditions, weather, floods, earthquakes or other natural
disasters, changes in government regulation, production
difficulties, including capacity and supply constraints, the
proposed separation of Ferrari and many other risks and
uncertainties, most of which are outside of the Group's
control.
- As part of the Separation, Ferrari N.V. will be merged into FE
New N.V. which immediately before the merger will hold the shares
in Ferrari N.V. now held by Fiat Chrysler Automobiles N.V. FE
New N.V. will then be renamed Ferrari N.V., and its common shares
will be listed on the MTA and the New York Stock Exchange.
www.ferrari.com
www.fcagroup.com
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SOURCE Ferrari NV