Ferrari N.V.: Periodic Report on the Buyback Program
11 January 2024 - 10:47PM
Maranello (Italy), January 11, 2024
– Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the
“Company”) informs that the Company has purchased, under the
Euro 350 million share buyback program announced on November 7,
2023, as the fourth 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 “Fourth 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
(€) |
04/01/2024 |
EXM |
7,070 |
307.6082 |
2,174,789.97 |
05/01/2024 |
EXM |
7,198 |
305.2166 |
2,196,949.09 |
08/01/2024 |
EXM |
7,119 |
308.9362 |
2,199,316.81 |
09/01/2024 |
EXM |
6,882 |
314.4993 |
2,164,384.18 |
10/01/2024 |
EXM |
6,896 |
316.7309 |
2,184,176.29 |
Total |
- |
35,165 |
310.5251 |
10,919,616.34 |
(*) translated at the European Central Bank
EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Fourth Tranche
till January 10, 2024, the total invested consideration has
been:
- Euro 64,504,920.99 for No. 198,094 common shares purchased on
the EXM
- USD 30,295,782.71 (Euro 27,798,654.09*) for No. 83,738 common
shares purchased on the NYSE.
As of January 10, 2024, the Company held in
treasury No. 13,540,574 common shares equal to 5.27% 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 January 10, 2024, the
Company has purchased a total of 2,616,116 own common shares on EXM
and NYSE, including transactions for Sell to Cover, for a total
consideration of Euro 651,500,336.22.
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 11 January 2024 ENG
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