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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), September 16, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth 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 “Fifth 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)

(€)

(€)

($)

($)

(€)*

(€)*

(€)*

 

 

 

 

 

 

 

 

10/09/2024

5,250

426.7475

2,240,424.38

4,294

465.7058

1,999,740.71

1,812,837.19

9,544

424.6921

4,053,261.57

11/09/2024

5,600

423.2465

2,370,180.40

3,184

470.9721

1,499,575.17

1,357,941.83

8,784

424.4219

3,728,122.23

12/09/2024

5,300

425.9956

2,257,776.68

2,756

471.5088

1,299,478.25

1,179,628.04

8,056

426.6888

3,437,404.72

13/09/2024

5,200

425.7622

2,213,963.44

2,762

470.5532

1,299,667.94

1,172,879.65

7,962

425.3759

3,386,843.09

 

21,350



425.4026



9,082,344.90



12,996



469.2569



6,098,462.06



5,523,286.71



34,346



425.2499



14,605,631.61



Total

 

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
        
Since the announcement of such Fifth Tranche till September 13, 2024, the total invested consideration has been:

  • Euro 95,354,985.16 for No. 236,400 common shares purchased on the EXM

  • USD 15,096,772.10 (Euro 13,648,012.15 *) for No. 31,837 common shares purchased on the NYSE.

As of September 13, 2024, the Company held in treasury No. 14,433,903 common shares equal to 5.62% 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 September 13, 2024, the Company has purchased a total of 3,609,799 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,        031,747,070.02.

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