Ferrari N.V.: Periodic Report on the Buyback Program
April 08 2024 - 8:20AM
Maranello (Italy), April 8,
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) |
(€) |
(€) |
($) |
($) |
(€)* |
(€)* |
(€)* |
|
|
|
|
|
|
|
|
02/04/2024 |
3,824 |
398.8495 |
1,525,200.49 |
- |
- |
- |
- |
3,824 |
398.8495 |
1,525,200.49 |
03/04/2024 |
3,928 |
385.3645 |
1,513,711.76 |
- |
- |
- |
- |
3,928 |
385.3645 |
1,513,711.76 |
04/04/2024 |
3,917 |
385.4223 |
1,509,699.15 |
5,938 |
420.9621 |
2,499,672.95 |
2,303,421.44 |
9,855 |
386.9224 |
3,813,120.59 |
05/04/2024 |
3,916 |
384.8764 |
1,507,175.98 |
6,443 |
419.0244 |
2,699,774.21 |
2,490,336.88 |
10,359 |
385.8976 |
3,997,512.86 |
|
15,585 |
388.5651 |
6,055,787.38 |
12,381 |
419.9537 |
5,199,447.16 |
4,793,758.32 |
27,966 |
387.9549 |
10,849,545.70 |
Total |
|
(*) translated at the European Central Bank
EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Fourth Tranche
till April 5, 2024, the total invested consideration has been:
- Euro 163,798,675.39 for No. 477,885
common shares purchased on the EXM
- USD 54,391,165.62 (Euro
49,994,518.23*) for No. 140,501 common shares purchased on the
NYSE.
As of April 5, 2024, the Company held in
treasury No. 13,835,338 common shares equal to 5.38% 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 April 5, 2024, the
Company has purchased a total of 2,987,859 own common shares on EXM
and NYSE, including transactions for Sell to Cover, for a total
consideration of Euro 786,537,719.76.
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 Relationstel.: +39 0536
949337Email: media@ferrari.com
- FNV BB PR 8 April 2024 ENG
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