TradeStation

Get Cash Back and $0 Commissions
+ The Power of TradeStation

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

Globe Newswire 10-Jun-2024 9:15 AM

Maranello (Italy), June 10, 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) and on the New York Stock Exchange (NYSE) as follows:

 EXMNYSETotal
TradingNumber of common shares purchased





Average price per shareConsideration excluding feesNumber of common shares purchased





Average price per shareConsideration excluding feesConsideration excluding feesNumber of common shares purchased





Average price per shareConsideration excluding fees
Dateexcluding fees excluding fees  excluding fees 
(d/m/y)(€)(€)($)($)(€)*(€)*(€)*
        
03/06/20243,911376.44591,472,279.919,797408.18353,998,973.753,688,409.6613,708376.47285,160,689.57
04/06/20243,912377.18991,475,566.89----3,912377.18991,475,566.89
05/06/20243,863384.55241,485,525.92----3,863384.55241,485,525.92
06/06/20243,821388.49111,484,424.49----3,821388.49111,484,424.49
07/06/20243,886383.28591,489,449.01----3,886383.28591,489,449.01
 19,393



381.9546



7,407,246.22



9,797



408.1835



3,998,973.75



3,688,409.66



29,190



380.1184



11,095,655.88



Total
 

(*) 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 June 7, 2024, the total invested consideration has been:

  • Euro 230,664,142.05 for No. 651,353 common shares purchased on the EXM
  • USD 99,385,692.80 (Euro 91,452,327.83*) for No. 248,654 common shares purchased on the NYSE.

As of June 7, 2024, the Company held in treasury No. 14,093,584 common shares equal to 5.48% 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 June 7, 2024, the Company has purchased a total of 3,269,480 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 894,860,996.00.

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: media@ferrari.com

Attachment

Image for Press Release 1913426
Image for Press Release 1913426

Primary Logo