Ferrari N.v.: Periodic Report on the Buyback Program
04 Luglio 2024 - 12:48PM
Maranello (Italy), July 4, 2024
– Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the
“Company”) informs that the Company has purchased,
under the Euro 250 million share buyback program announced on June
28, 2024, as the fifth 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 “Fifth Tranche”), the 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(€) |
01/07/2024 |
EXM |
7,500 |
382.1511 |
2,866,133.25 |
02/07/2024 |
EXM |
7,500 |
379.2466 |
2,844,349.50 |
03/07/2024 |
EXM |
7,000 |
390.1145 |
2,730,801.50 |
Total |
- |
22,000 |
383.6947 |
8,441,284.25 |
Since the announcement of such Fifth Tranche
till July 3, 2024, the total invested consideration has been Euro
8,441,284.25 for No. 22,000 common shares purchased on the EXM.
As of July 3, 2024, the Company held in treasury
No. 14,187,666 common shares equal to 5.52% 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 July 3, 2024, the Company has
purchased a total of 3,363,562 own common shares on EXM and NYSE,
including transactions for Sell to Cover, for a total consideration
of Euro 931,185,356.96.
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 04 July 2024 ENG
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