Ferrari N.V.: Periodic Report on the Buyback Program
Maranello (Italy), March 11, 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)
(€)
(€)
($)
($)
(€)*
(€)*
(€)*
04/03/2024
3,971
380.6999
1,511,759.30
6,039
413.8854
2,499,453.93
2,304,493.76
10,010
381.2441
3,816,253.06
05/03/2024
3,903
379.7996
1,482,357.84
4,132
411.3267
1,699,601.92
1,566,597.77
8,035
379.4593
3,048,955.61
06/03/2024
3,901
379.4956
1,480,412.34
-
-
-
-
3,901
379.4956
1,480,412.34
07/03/2024
3,934
383.8826
1,510,194.15
-
-
-
-
3,934
383.8826
1,510,194.15
08/03/2024
3,882
387.5127
1,504,324.30
-
-
-
-
3,882
387.5127
1,504,324.30
19,591
382.2698
7,489,047.93
10,171
412.8459
4,199,055.85
3,871,091.53
29,762
381.6995
11,360,139.46
Total
(*) 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 March 8, 2024, the total invested consideration has been:
Euro 136,852,792.23 for No. 409,430 common shares purchased on the EXM
USD 38,493,941.02 (Euro 35,358,621.09*) for No. 103,376 common shares purchased on the NYSE.
As of March 8, 2024, the Company held in treasury No. 13,771,548 common shares equal to 5.36% 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 March 8, 2024, the Company has purchased a total of 2,847,090 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 731,408,174.47.
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