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

Ferrari N.V.
·3-min read
Ferrari N.V.
Ferrari N.V.

Maranello (Italy), May 20, 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) 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)

(€)

(€)

($)

($)

(€)*

(€)*

(€)*

 

 

 

 

 

 

 

 

13/05/2024

3,921

376.3233

1,475,563.66

-

-

-

-

3,921

376.3233

1,475,563.66

14/05/2024

3,920

377.6059

1,480,215.13

-

-

-

-

3,920

377.6059

1,480,215.13

15/05/2024

3,868

379.2867

1,467,080.96

13,140

418.5555

5,499,819.27

5,077,381.16

17,008

384.7873

6,544,462.12

16/05/2024

3,815

387.0821

1,476,718.21

11,875

421.0393

4,999,841.69

4,601,363.60

15,690

387.3857

6,078,081.81

17/05/2024

3,822

387.4013

1,480,647.77

11,815

423.1702

4,999,755.91

4,610,619.62

15,637

389.5419

6,091,267.39

 

19,346



381.4859



7,380,225.73



36,830



420.8367



15,499,416.87



14,289,364.38



56,176



385.7446



21,669,590.11



Total

 

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

ADVERTISEMENT

Since the announcement of such Fourth Tranche till May 17, 2024, the total invested consideration has been:

  • Euro 208,468,400.36 for No. 593,235 common shares purchased on the EXM

  • USD 69,890,582.49 (Euro 64,283,882.61*) for No. 177,331 common shares purchased on the NYSE.

As of May 17, 2024, the Company held in treasury No. 13,964,143 common shares equal to 5.43% 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 May 17, 2024, the Company has purchased a total of 3,140,039 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 845,496,809.10.

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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