Ferrari N.V.: Periodic Report on the Buyback Program
October 02 2023 - 7:53AM
Maranello
(Italy), October
2,
2023 – Ferrari N.V. (NYSE/EXM:
RACE) (“Ferrari” or the
“Company”) informs that the Company has purchased,
under the Euro 200 million share buyback program announced on June
27, 2023, as the third 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 “Third
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(€) |
25/09/2023 |
EXM |
13,042 |
270.5857 |
3,528,978.70 |
26/09/2023 |
EXM |
9,175 |
272.4689 |
2,499,902.30 |
27/09/2023 |
EXM |
7,629 |
273.6379 |
2,087,583.90 |
28/09/2023 |
EXM |
5,889 |
274.7363 |
1,617,922.20 |
29/09/2023 |
EXM |
17,296 |
282.9647 |
4,894,157.50 |
Total |
- |
53,031 |
275.8489 |
14,628,544.60 |
(*) translated at the European Central Bank
EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Third Tranche
till September 29, 2023, the total invested consideration has
been:
- Euro 129,999,723.00 for No.
457,570 common
shares purchased on the EXM (equal to the full amount of the Third
Tranche to be executed on EXM as announced on June 27, 2023);
- USD 70,465,804.35 (Euro
64,847,806.87*) for No. 227,109 common shares purchased on the
NYSE.
As of September 29, 2023, the Company held in
treasury No. 13,240,785 common shares equal to 5.15% 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 July 1, 2022 until September 29, 2023, the
Company has purchased a total of 2,316,327 own common shares on EXM
and NYSE, including transactions for Sell to Cover, for a total
consideration of Euro 554,044,785.39.
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 2 October 2023 ENG
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