In This Article:
Amsterdam, 27 February 2025
EXOR ANNOUNCES THE SUCCESSFUL PRICING OF THE ACCELERATED BOOKBUILD OFFERING FOR APPROXIMATELY 4% OF FERRARI’S OUTSTANDING SHARES
Exor N.V. (“Exor”) announces the successful pricing of the previously announced accelerated bookbuild offering involving the sale of approximately 7 million common shares of Ferrari N.V. (“Ferrari”) (representing approximately 4% of the outstanding common shares of Ferrari) to institutional investors (the “Offering”) for total proceeds of €3 billion.
Following completion of the transaction, Exor will remain Ferrari’s single largest shareholder with approximately 20% of the economic rights and 30% of the voting rights in Ferrari’s share capital1 and remains fully committed as a long-term shareholder of Ferrari. Moreover, in the context of the transaction, Exor has entered into a 360-day lock-up commitment, with respect to its remaining common shares of Ferrari.
The Offering is expected to settle on 3 March 2025.
Goldman Sachs Bank Europe and J.P. Morgan are acting as joint global coordinators and joint bookrunners (the "Joint Global Coordinators") and BNP Paribas, IMI – Intesa Sanpaolo, Société Générale CIB and UniCredit are acting as joint bookrunners (the "Joint Bookrunners") for the Offering.
About Exor
Exor N.V. (AEX: EXO) has been building great companies since its foundation by the Agnelli Family. For more than a century, Exor has made successful investments worldwide, applying a culture that combines entrepreneurial spirit and financial discipline. Its portfolio is principally made up of companies in which Exor is the largest shareholder including Ferrari, Stellantis, Philips and CNH.
For more information, please contact Investor Relations at ir@exor.com or Media at media@exor.com.
This press release contains information that qualifies, or may qualify, as inside information as defined in article 7(1) of Regulation (EU) 596/2014 of 16 April 2014 (the Market Abuse Regulation).
This communication does not constitute or form part of any offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction. This communication does not constitute a prospectus or other offering document. No securities may be offered, sold or delivered in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended, and any public offering of securities in the United States is being made by means of a prospectus that may be obtained from Owl or Bee and that will contain detailed information about Owl and management, as well as financial statements. Owl has filed with the U.S. Securities and Exchange Commission a registration statement with respect to the Offering.