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Ferrari N.V.: Periodic Report on the Buyback Program

Ferrari N.V.
·2 min read
Ferrari N.V.
Ferrari N.V.

Maranello (Italy), June 24, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Fourth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows:



Trading
Date
(dd/mm/yyyy)



Stock Exchange



Number of common shares purchased



Average price per share
excluding fees
(€)



Consideration excluding fees



(€)

17/06/2024

EXM

3,802

384.4968

1,461,856.83

18/06/2024

EXM

3,844

385.6917

1,482,598.89

19/06/2024

EXM

3,884

384.5760

1,493,693.18

20/06/2024

EXM

3,835

389.1920

1,492,551.32

21/06/2024

EXM

3,855

387.6843

1,494,522.98

Total

-

19,220

386.3280

7,425,223.20

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase

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Since the announcement of such Fourth Tranche till June 21, 2024, the total invested consideration has been:

  • Euro 245,513,426.31 for No. 689,862 common shares purchased on the EXM

  • USD 107,883,427.15 (Euro 99,353,509.99*) for No. 269,191 common shares purchased on the NYSE.

As of June 21, 2024, the Company held in treasury No. 14,152,630 common shares equal to 5.51% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company’s equity incentive plan.


Since the start of the multi-year share buyback program of approximately Euro 2 billion announced during the 2022 Capital Markets Day, on July 1, 2022, until June 21, 2024, the Company has purchased a total of 3,328,526 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 917,611,462.41.

A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section (https://www.ferrari.com/en-EN/corporate/buyback-programs).

For further information:
Media Relations
tel.: +39 0536 949337
Email: media@ferrari.com

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