FERRARI
FERRARI
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Type: Stocks
Ticker: RACE
ISIN: NL0011585146

Ferrari N.V.: Periodic Report on the Buyback Program

  • 38

Maranello (Italy), February 12, 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:



Trading
Date
(dd/mm/yyyy)



Stock Exchange



Number of common shares purchased



Average price per share
excluding fees
(€)



Consideration excluding fees



(€)

05/02/2024EXM4,366345.33631,507,738.29
06/02/2024EXM4,307348.26321,499,969.60
07/02/2024EXM4,185357.63981,496,722.56
08/02/2024EXM4,248353.33501,500,967.08
09/02/2024EXM4,114360.91941,484,822.41


Total



-
21,220352.97937,490,219.94

(*) 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 February 9, 2024, the total invested consideration has been:

  • Euro 106,944,337.65 for No. 329,683 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 February 9, 2024, the Company held in treasury No. 13,672,163 common shares equal to 5.32% 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 February 9, 2024, the Company has purchased a total of 2,747,705 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 693,939,752.88.

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 Relations
tel.: +39 0536 949337
Email: [email protected]

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