FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

Globe Newswire 20-Dec-2024 11:39 AM

Maranello (Italy), December 20, 2024 – 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 December 5, 2024, as the sixth 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 "Sixth 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:

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
        
Since the announcement of such Sixth Tranche till December 19, 2024, the total invested consideration has been:

• Euro 36,273,257.40 for No. 85,740 common shares purchased on the EXM
• USD 10,969,297.64 (Euro 10,469,630.39*) for No. 25,020 common shares purchased on the NYSE.

As of December 19, 2024, the Company held in treasury No. 14,879,168 common shares equal to 5.79% 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 December 19, 2024, the Company has purchased a total of 4,056,404 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,219,479,343.84.

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