Ferrari N.V.: Periodic Report on the Buyback Program
April 15 2024 - 8:28AM
Maranello (Italy), April 15
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:
TradingDate(dd/mm/yyyy) |
Stock
Exchange |
Number of common shares
purchased |
Average price per
shareexcluding
fees(€) |
Consideration
excluding
fees (€) |
08/04/2024 |
EXM |
3,870 |
390.2155 |
1,510,133.99 |
09/04/2024 |
EXM |
3,852 |
385.7892 |
1,486,060.00 |
10/04/2024 |
EXM |
3,889 |
389.1578 |
1,513,434.68 |
11/04/2024 |
EXM |
3,837 |
388.8160 |
1,491,886.99 |
12/04/2024 |
EXM |
3,890 |
390.4649 |
1,518,908.46 |
Total |
- |
19,338 |
388.8936 |
7,520,424.12 |
(*) 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 12, 2024, the total invested consideration has been:
- Euro 171,319,099.51 for No. 497,223 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 12, 2024, the Company held in
treasury No. 13,831,301 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 12, 2024, the
Company has purchased a total of 3,007,197 own common shares on EXM
and NYSE, including transactions for Sell to Cover, for a total
consideration of Euro 794,058,143.88.
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).
- FNV BB PR 15 April 2024 ENG
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