Ferrari N.v.: Periodic Report on the Buyback Program
31 Luglio 2023 - 01:49PM
Maranello (Italy), July 31,
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) as follows:
|
TradingDate(dd/mm/yyyy) |
Stock
Exchange |
Number of common shares
purchased |
Average price per
shareexcluding
fees(€) |
Consideration
excluding
fees (€) |
|
24/07/2023 |
EXM |
8,336 |
286.5322 |
2,388,532.10 |
|
25/07/2023 |
EXM |
8,830 |
286.1549 |
2,526,748.00 |
|
26/07/2023 |
EXM |
7,964 |
285.0867 |
2,270,430.60 |
|
27/07/2023 |
EXM |
2,462 |
288.0433 |
709,162.60 |
|
28/07/2023 |
EXM |
5,419 |
291.5000 |
1,579,638.60 |
|
Total |
- |
33,011 |
287.0108 |
9,474,511.90 |
(*) 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 28, 2023, the total invested consideration has been:
- Euro 46,419,602.00 for No. 160,069 common shares purchased on
the EXM;
- USD 33,543,449.97 (Euro 30,450,171.05*) for No. 104,723 common
shares purchased on the NYSE.
As of July 28, 2023, the Company held in
treasury No. 12,820,898 common shares equal to 4.99% 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 28, 2023, the
Company has purchased a total of 1,896,440 own common shares on EXM
and NYSE, including transactions for Sell to Cover, for a total
consideration of Euro 436,067,028.58.
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 31 July 2023 ENG
Grafico Azioni Ferrari NV (BIT:RACE)
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