Ferrari N.V.: Periodic Report on the Buyback Program
In This Article:
Maranello (Italy), October 14, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth 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 “Fifth 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:
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| 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) | (€) | (€) | ($) | ($) | (€)* | (€)* | (€)* | |||
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| 07/10/2024 | 10,500 | 408.4895 | 4,289,139.75 | 4,454 | 449.0142 | 1,999,909.25 | 1,821,079.26 | 14,954 | 408.6010 | 6,110,219.01 |
| 08/10/2024 | 5,000 | 411.6291 | 2,058,145.50 | - | - | - | - | 5,000 | 411.6291 | 2,058,145.50 |
| 09/10/2024 | 4,000 | 418.0341 | 1,672,136.40 | - | - | - | - | 4,000 | 418.0341 | 1,672,136.40 |
| 10/10/2024 | 5,000 | 414.6475 | 2,073,237.50 | - | - | - | - | 5,000 | 414.6475 | 2,073,237.50 |
| 11/10/2024 | 3,700 | 417.3664 | 1,544,255.68 | - | - | - | - | 3,700 | 417.3664 | 1,544,255.68 |
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| 28,200 | 412.6566 | 11,636,914.83 | 4,454 | 449.0142 | 1,999,909.25 | 1,821,079.26 | 32,654 | 412.1392 | 13,457,994.09 |
| Total | ||||||||||
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(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Fifth Tranche till October 11, 2024, the total invested consideration has been:
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Euro 148,011,402.63 for No. 362,650 common shares purchased on the EXM
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USD$1$1(Euro$141,004,362.64*) for No. 97,673 common shares purchased on the NYSE.
As of October 11, 2024, the Company held in treasury No. 14,625,989 common shares equal to 5.69% 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 October 11, 2024, the Company has purchased a total of 3,801,885 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,111,759,837.98.