Ferrari N.v.: Completion of the Seventh Tranche of the Multi-Year Share Repurchase Program
07 Marzo 2025 - 4:24PM
Maranello (Italy), March 7, 2025 – Ferrari N.V.
(NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs
that, following the accelerated bookbuild offering made by Exor
N.V. on February 26, 2025, the Company participated in the offering
by purchasing No. 666,666 common shares for a total consideration
of 299,999,700 Euro (the “Transaction”).
The Transaction constituted the seventh tranche (the “Seventh
Tranche”) of the multi-year share buyback program of
approximately Euro 2.0 billion announced during our 2022 Capital
Market Day (the ”Program”) and it settled on March 3,
2025.
As of March 6, 2025, following the completion of the Seventh
Tranche, the Company held in treasury No. 15,785,877 common shares
equal to 8.73% 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.
From the start of the Program, on July 1, 2022, until March 6,
2025, the Company has purchased a total of 4,963,113 own common
shares on EXM and NYSE, including transactions for Sell to Cover,
for a total consideration of Euro 1,622,735,677.17.
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 - BuyBack PR March 7 2025 ENG Final
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