UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________
FORM 6-K
_______________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2023
Commission File No. 001-37596
_______________________________
FERRARI N.V.
(Translation of Registrant’s Name Into English)
_______________________________
Via Abetone Inferiore n.4
I-41053 Maranello (MO)
Italy
Tel. No.: +39 0536 949111
(Address of Principal Executive Offices)
_______________________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
EXPLANATORY NOTE
Ferrari N.V. (the “Company”) is filing this Report on Form 6-K to furnish as exhibits:
•a press release issued by the Company as of the date hereof, providing a periodic report on the buyback program; and
•a press release issued by the Company as of September 25, 2023, providing a periodic report on the buyback program, which was inadvertently omitted from the Report on Form 6-K originally filed by the Company on September 25, 2023 (Commission File No.: 001-37596).
The following exhibits are furnished herewith:
Exhibit 99.1 Press release issued by Ferrari N.V. dated December 12, 2023.
Exhibit 99.2 Press release issued by Ferrari N.V. dated September 25, 2023.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| | | | | | | | | | | |
| Date: December 12, 2023 | FERRARI N.V. |
| | | |
| | | |
| By: | /s/ Antonio Picca Piccon |
| | Name: | Antonio Picca Piccon |
| | Title: | Chief Financial Officer |
Index of Exhibits
Exhibits
Number Description of Exhibit
99.1 Press release issued by Ferrari N.V. dated December 12, 2023.
99.2 Press release issued by Ferrari N.V. dated September 25, 2023.
Exhibit 99.1
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Maranello (Italy), December 12, 2023 – 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
Date
(d/m/y) | Number of
common
shares
purchased
|
Average price per share
excluding fees
(€)
|
Consideration excluding fees
(€)
| Number of
common
shares
purchased
|
Average price per share
excluding fees
($)
|
Consideration excluding fees
($)
|
Consideration excluding fees
(€)*
| Number of
common
shares
purchased
|
Average price per share
excluding fees
(€)*
|
Consideration excluding fees
(€)*
|
| 04/12/2023 | 5,554 | 326.9937 | 1,816,123.01 | 9,883 | 354.1007 | 3,499,577.22 | 3,220,074.73 | 15,437 | 326.2420 | 5,036,197.74 |
| 05/12/2023 | 4,996 | 332.0230 | 1,658,786.91 | — | — | — | — | 4,996 | 332.0230 | 1,658,786.91 |
| 06/12/2023 | 4,822 | 337.9185 | 1,629,443.01 | — | — | — | — | 4,822 | 337.9185 | 1,629,443.01 |
| 07/12/2023 | 4,788 | 338.0269 | 1,618,472.80 | — | — | — | — | 4,788 | 338.0269 | 1,618,472.80 |
| 08/12/2023 | 4,791 | 338.8484 | 1,623,422.68 | — | — | — | — | 4,791 | 338.8484 | 1,623,422.68 |
| 11/12/2023 | 4,668 | 343.6602 | 1,604,205.81 | — | — | — | — | 4,668 | 343.6602 | 1,604,205.81 |
| Total | 29,619 | 335.9484 | 9,950,454.22 | 9,883 | 354.1007 | 3,499,577.22 | 3,220,074.73 | 39,502 | 333.4142 | 13,170,528.95 |
(*) 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 December 11, 2023, the total invested consideration has been:
•Euro 39,842,435.71 for No. 120,862 common shares purchased on the EXM
•USD 13,798,053.69 (Euro 12,621,920.13*) for No. 38,088 common shares purchased on the NYSE.
As of December 11, 2023, the Company held in treasury No. 13,417,692 common shares equal to 5.22% 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.
| | | | | | | | | | | |
Ferrari N.V.
Amsterdam, The Netherlands |
Registered Office:
Via Abetone Inferiore N. 4,
I – 41053 Maranello (MO) Italy |
Dutch trade registration number:
64060977 | |
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 11, 2023, the Company has purchased a total of 2,493,234 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 611,661,116.99.
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
Exhibit 99.2
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Maranello (Italy), September 25, 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) and on the New York Stock Exchange (NYSE) as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| EXM | NYSE | Total |
Trading
Date
(d/m/y) | Number of
common
shares
purchased
|
Average price per share
excluding fees
(€)
|
Consideration excluding fees
(€)
| Number of
common
shares
purchased
|
Average price per share
excluding fees
($)
|
Consideration excluding fees
($)
|
Consideration excluding fees
(€)*
| Number of
common
shares
purchased
|
Average price per share
excluding fees
(€)*
|
Consideration excluding fees
(€)*
|
| 18/09/2023 | 14,000 | 280.0269 | 3,920,376.60 | 13,336 | 299.9186 | 3,999,714.45 | 3,751,021.71 | 27,336 | 280.6335 | 7,671,398.31 |
| 19/09/2023 | 3,452 | 280.8569 | 969,518.10 | — | — | — | — | 3,452 | 280.8569 | 969,518.10 |
| 20/09/2023 | 1,483 | 282.0252 | 418,243.40 | — | — | — | — | 1,483 | 282.0252 | 418,243.40 |
| 21/09/2023 | 38,002 | 276.9059 | 10,522,979.10 | 13,640 | 293.2379 | 3,999,764.96 | 3,760,944.95 | 51,642 | 276.5951 | 14,283,924.05 |
| 22/09/2023 | 11,408 | 273.1665 | 3,116,283.50 | 10,349 | 289.8558 | 2,999,717.67 | 2,817,429.96 | 21,757 | 272.7266 | 5,933,713.46 |
| Total | 68,345 | 277.2317 | 18,947,400.70 | 37,325 | 294.6871 | 10,999,197.08 | 10,329,396.62 | 105,670 | 277.0587 | 29,276,797.32 |
(*) 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 22, 2023, the total invested consideration has been:
•Euro 115,371,178.40 for No. 404,539 common shares purchased on the EXM;
•USD 70,465,804.35 (Euro 64,847,806.87*) for No. 227,109 common shares purchased on the NYSE.
As of September 22, 2023, the Company held in treasury No. 13,187,754 common shares equal to 5.13% 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.
| | | | | | | | | | | |
Ferrari N.V.
Amsterdam, The Netherlands |
Registered Office:
Via Abetone Inferiore N. 4,
I – 41053 Maranello (MO) Italy |
Dutch trade registration number:
64060977 | |
Since July 1, 2022 until September 22, 2023, the Company has purchased a total of 2,263,296 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 539,416,240.79.
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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