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

Ferrari N.V.
Ferrari N.V.

Maranello (Italy), November 28, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 150 million share buyback program announced on June 30, 2022, as the initial 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 “First Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows:

 

EXM

NYSE

Total

Trading

Number of common shares purchased

Average price per share

Consideration excluding fees

Number of common shares purchased

Average price per share

Consideration excluding fees

Consideration excluding fees

Number of common shares purchased

Average price per share

Consideration excluding fees

Date

excluding fees

 

excluding fees

 

 

excluding fees

 

(d/m/y)

(€)

(€)

($)

($)

(€)*

(€)*

(€)*

 

 

 

 

 

 

 

 

21/11/2022

2,335

208.7396

487,406.97

4,864

214.6046

1,043,836.77

1,018,774.91

7,199

209.2210

1,506,181.88

22/11/2022

2,340

208.2414

487,284.88

3,827

216.4469

828,342.29

806,251.01

6,167

209.7512

1,293,535.89

23/11/2022

2,330

209.2521

487,557.39

9,100

217.5550

1,979,750.50

1,917,433.90

11,430

210.4104

2,404,991.29

24/11/2022

2,315

210.5038

487,316.30

-

-

-

-

2,315

210.5038

487,316.30

25/11/2022

2,315

210.7490

487,883.94

-

-

-

-

2,315

210.7490

487,883.94

 

11,635

209.4929

2,437,449.48

17,791

216.5100

3,851,929.56

3,742,459.82

29,426

210.0153

6,179,909.29

Total

 

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

Since the announcement of such First Tranche till November 25, 2022, the total invested consideration has been:

  • Euro 118,537,528.12 for No. 611,902 common shares purchased on the EXM

  • USD 27,667,433.56 (Euro 27,716,900.49*) for No. 140,507 common shares purchased on the NYSE.

As of November 25, 2022, the Company held in treasury No. 11,817,519 common shares equal to 4.60% 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.

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).

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