Ferrari N.v.: Periodic Report on the Buyback Program
15 Maggio 2023 - 1:22PM
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK
PROGRAM
Maranello (Italy), May 15, 2023
– Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the
“Company”) informs that the Company has purchased,
under the Euro 200 million share buyback program announced on
December 1, 2022, as the second 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 “Second 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 (€)
|
|
08/05/2023 |
EXM |
4,100 |
269.1229 |
1,103,403.89 |
|
09/05/2023 |
EXM |
4,116 |
268.7960 |
1,106,364.34 |
|
10/05/2023 |
EXM |
4,100 |
267.7102 |
1,097,611.82 |
|
11/05/2023 |
EXM |
4,110 |
269.3360 |
1,106,970.96 |
|
12/05/2023 |
EXM |
4,060 |
272.4739 |
1,106,244.03 |
|
Total
|
- |
20,486 |
269.4814 |
5,520,595.04 |
(*) translated at the European Central Bank
EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Second Tranche
till May 12, 2023, the total invested consideration has been:
- Euro 125,678,287.36 for No. 535,898 common shares purchased on
the EXM
- USD 24,928,758.14 (Euro 23,410,335.25*) for No. 101,422 common
shares purchased on the NYSE.
As of May 12, 2023, the Company held in treasury
No. 12,419,315 common shares equal to 4.83% 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 July 1, 2022 until May 12, 2023, the
Company has purchased a total of 1,445,728 own common shares on EXM
and NYSE, including transactions for Sell to Cover, for a total
consideration of Euro 308,262,612.63.
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 May 2023 ENG
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