FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
October 28 2024 - 8:12AM
Maranello (Italy), October 28,
2024 – Ferrari N.V. (NYSE/EXM: RACE)
(“Ferrari” or the “Company”)
informs that the Company has purchased, under the Euro 250 million
share buyback program announced on June 28, 2024, as the fifth
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
“Fifth 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(€) |
|
21/10/2024 |
EXM |
3,500 |
443.8089 |
1,553,331.15 |
|
22/10/2024 |
EXM |
3,400 |
442.4936 |
1,504,478.24 |
|
23/10/2024 |
EXM |
3,700 |
444.4588 |
1,644,497.56 |
|
24/10/2024 |
EXM |
3,600 |
449.2991 |
1,617,476.76 |
|
25/10/2024 |
EXM |
3,600 |
449.4471 |
1,618,009.56 |
|
Total |
- |
17,800 |
445.9434 |
7,937,793.27 |
(*) translated at the European Central Bank
EUR/USD exchange reference rate as of the date of each
purchase Since the
announcement of such Fifth Tranche till October 25, 2024, the total
invested consideration has been:
- Euro 163,653,199.63 for No. 398,050
common shares purchased on the EXM
- USD 45,452,667.64 (Euro
41,004,362.64*) for No. 97,673 common shares purchased on the
NYSE.
As of October 25, 2024, the Company held in
treasury No. 14,661,389 common shares equal to 5.71% 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 October 25, 2024, the Company has purchased a total of
3,837,285 own common shares on EXM and NYSE, including transactions
for Sell to Cover, for a total consideration of Euro
1,127,401,634.97.
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 28 October 2024 ENG
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