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

Ferrari N.V.
Ferrari N.V.

Maranello (Italy), January 9, 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 December 1, 2022, as the second 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 “Second 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

 

(€)

 

02/01/2023

EXM

8,500

201.8420

1,715,657.00

03/01/2023

EXM

8,060

205.0657

1,652,829.54

04/01/2023

EXM

7,715

205.5374

1,585,721.04

05/01/2023

EXM

7,300

206.2280

1,505,464.40

06/01/2023

EXM

7,150

206.0720

1,473,414.80

 

Total

 



-

38,725

204.8570

7,933,086.78

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase

Since the announcement of such Second Tranche till January 6, 2023, the total invested consideration has been:

  • Euro 29,337,834.64 for No. 141,048 common shares purchased on the EXM

  • USD 8,757,853.08 (Euro 8,271,632.62*) for No. 40,049 common shares purchased on the NYSE.

As of January 6, 2023, the Company held in treasury No. 12,008,726 common shares equal to 4.67% 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 January 6, 2023, the Company has purchased a total of 954,834 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 188,335,146.97.

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).