Ferrari N.V.: Periodic Report on the Buyback Program
February 19 2024 - 6:29AM
Maranello (Italy), February 19, 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 (€) |
12/02/2024 |
EXM |
4,155 |
362.2143 |
1,505,000.42 |
13/02/2024 |
EXM |
4,255 |
355.4214 |
1,512,318.06 |
14/02/2024 |
EXM |
4,246 |
355.0780 |
1,507,661.19 |
15/02/2024 |
EXM |
4,126 |
360.3292 |
1,486,718.28 |
16/02/2024 |
EXM |
4,106 |
363.9405 |
1,494,339.69 |
Total |
- |
20,888 |
359.3469 |
7,506,037.63 |
(*) 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 16, 2024, the total invested consideration has
been:
- Euro 114,450,375.28 for No. 350,571 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 16, 2024, the Company held in
treasury No. 13,693,051 common shares equal to 5.33% 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 16, 2024, the
Company has purchased a total of 2,768,593 own common shares on EXM
and NYSE, including transactions for Sell to Cover, for a total
consideration of Euro 701,445,790.52.
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).
- FNV BB PR 19 February 2024 ENG
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