Ferrari N.v.: Periodic Report on the Buyback Program
07 Luglio 2023 - 3:09PM
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK
PROGRAM
Maranello (Italy), July 7, 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 June
27, 2023, as the third 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 “Third 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) |
(€) |
(€) |
($) |
($) |
(€)* |
(€)* |
(€)* |
|
|
|
|
|
|
|
|
|
|
03/07/2023 |
11,914 |
298.1062 |
3,551,637.30 |
- |
- |
- |
- |
11,914 |
298.1062 |
3,551,637.30 |
|
04/07/2023 |
8,000 |
297.3339 |
2,378,670.90 |
- |
- |
- |
- |
8,000 |
297.3339 |
2,378,670.90 |
|
05/07/2023 |
7,952 |
295.3482 |
2,348,608.90 |
8,961 |
320.5298 |
2,872,267.54 |
2,640,194.45 |
16,913 |
294.9686 |
4,988,803.35 |
|
06/07/2023 |
9,518 |
289.3599 |
2,754,127.60 |
13,327 |
313.3558 |
4,176,092.75 |
3,831,629.27 |
22,845 |
288.2800 |
6,585,756.87 |
|
|
37,384 |
295.1275 |
11,033,044.70 |
22,288 |
316.2401 |
7,048,360.28 |
6,471,823.72 |
59,672 |
293.3515 |
17,504,868.42 |
|
Total |
|
|
(*) translated at the European Central Bank
EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Third Tranche
till July 6, 2023, the total invested consideration has been:
- Euro 11,033,044.70 for No. 37,384 common shares purchased on
the EXM;
- USD 7,048,360.28 (Euro 6,471,823.72*) for No. 22,288 common
shares purchased on the NYSE.
As of July 6, 2023, the Company held in treasury
No. 12,664,907 common shares equal to 4.93% 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 July 6, 2023, the
Company has purchased a total of 1,691,320 own common shares on EXM
and NYSE, including transactions for Sell to Cover, for a total
consideration of Euro 376,678,606.83.
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 7 July 2023 ENG
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