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

Ferrari N.V.
Ferrari N.V.

Maranello (Italy), May 27, 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:

 

EXM

NYSE

Total

Trading

Number of common shares purchased





Average price per share

Consideration excluding fees

Number of common shares purchased





Average price per share

Consideration excluding fees

Consideration excluding fees

Number of common shares purchased





Average price per share

Consideration excluding fees

Date

excluding fees

 

excluding fees

 

 

excluding fees

 

(d/m/y)

(€)

(€)

($)

($)

(€)*

(€)*

(€)*

 

 

 

 

 

 

 

 

20/05/2024

3,821

386.7093

1,477,616.24

13,177

417.3523

5,499,451.26

5,063,485.18

16,998

384.8159

6,541,101.42

21/05/2024

3,862

382.6486

1,477,788.89

9,576

417.6574

3,999,487.26

3,681,413.16

13,438

383.9263

5,159,202.05

22/05/2024

3,845

384.5089

1,478,436.72

9,598

416.7052

3,999,536.51

3,693,016.17

13,443

384.6949

5,171,452.89

23/05/2024

3,856

385.1308

1,485,064.36

9,645

414.6672

3,999,465.14

3,684,784.54

13,501

382.9234

5,169,848.90

24/05/2024

3,855

384.7702

1,483,289.12

-

-

-

-

3,855

384.7702

1,483,289.12

 

19,239



384.7495



7,402,195.33



41,996



416.6573



17,497,940.17



16,122,699.05



61,235



384.1740



23,524,894.38



Total

 

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase

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Since the announcement of such Fourth Tranche till May 24, 2024, the total invested consideration has been:

  • Euro 215,870,595.69 for No. 612,474 common shares purchased on the EXM

  • USD 87,388,522.66 (Euro 80,406,581.66*) for No. 219,327 common shares purchased on the NYSE.

As of May 24, 2024, the Company held in treasury No. 14,025,378 common shares equal to 5.46% 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 May 24, 2024, the Company has purchased a total of 3,201,274 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 869,021,703.48.

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

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