Ferrari N.v.: Periodic Report on the Buyback Program
11 October 2022 - 3:49AM
Maranello (Italy), October 10, 2022 – Ferrari N.V.
(NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs
that the Company has purchased, under the Euro 150 million share
buyback program announced on June 30, 2022, as the initial 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 “First
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) |
(€) |
(€) |
($) |
($) |
(€)* |
(€)* |
(€)* |
|
|
|
|
|
|
|
|
03/10/2022 |
12,075 |
187.8386 |
2,268,151.10 |
7,371 |
186.7659 |
1,376,651.45 |
1,409,925.70 |
19,446 |
189.1431 |
3,678,076.80 |
04/10/2022 |
7,570 |
194.3865 |
1,471,505.81 |
- |
- |
- |
- |
7,570 |
194.3865 |
1,471,505.81 |
05/10/2022 |
11,640 |
192.0370 |
2,235,310.68 |
1,943 |
190.8803 |
370,880.42 |
374,059.93 |
13,583 |
192.1056 |
2,609,370.61 |
06/10/2022 |
7,100 |
194.5208 |
1,381,097.68 |
4,035 |
190.9465 |
770,469.13 |
781,408.85 |
11,135 |
194.2080 |
2,162,506.53 |
07/10/2022 |
12,000 |
191.6642 |
2,299,970.40 |
6,990 |
185.1854 |
1,294,445.95 |
1,321,267.68 |
18,990 |
190.6918 |
3,621,238.08 |
|
50,385 |
191.6450 |
9,656,035.67 |
20,339 |
187.4452 |
3,812,446.95 |
3,886,662.16 |
70,724 |
191.4866 |
13,542,697.83 |
Total |
|
(*) translated at the European Central Bank
EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such First Tranche
till October 7, 2022, the total invested consideration has
been:
- Euro 82,025,437.03 for No. 423,617 common shares purchased on
the EXM
- USD 16,942,545.86 (Euro 17,190,376.00*) for No. 88,683 common
shares purchased on the NYSE.
As of October 7, 2022, the Company held in
treasury No. 11,577,410 common shares equal to 4.50% 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.
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).
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