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FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

·2-min read
Ferrari N.V.
Ferrari N.V.

Maranello (Italy), September 05, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 150 million share buyback program announced on June 30, 2022, as the initial 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 “First Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows:

 

Trading
Date
(dd/mm/yyyy)

 

Stock Exchange

 

 

Number of common shares purchased

 

Average price per share
excluding fees
(€)

 

Consideration excluding fees

 

(€)

 

29/08/2022

EXM

6,445

197.9391

1,275,717.50

30/08/2022

EXM

6,405

199.1009

1,275,241.26

31/08/2022

EXM

7,650

194.3955

1,487,125.58

01/09/2022

EXM

9,480

192.3765

1,823,729.22

02/09/2022

EXM

7,008

195.0984

1,367,249.59

 

Total

 



-

36,988

195.4435

7,229,063.15

Since the announcement of such First Tranche till September 2, 2022, the total invested consideration has been:

  • Euro 40,514,360.35 for No. 209,127 common shares purchased on the EXM.

As of September 2, 2022, the Company held in treasury No. 11,274,237 common shares equal to 4.38% 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.

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).

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