Ferrari N.v.: Completion of the Seventh Tranche of the Multi-Year Share Repurchase Program
Ferrari (NYSE/EXM: RACE) has completed the seventh tranche of its multi-year share repurchase program by purchasing 666,666 common shares for €299,999,700 through an accelerated bookbuild offering by Exor N.V. on February 26, 2025.
This transaction is part of Ferrari's €2.0 billion buyback program announced during the 2022 Capital Market Day. As of March 6, 2025, Ferrari holds 15,785,877 treasury shares, representing 8.73% of total issued share capital. Since the program's inception on July 1, 2022, the company has acquired 4,963,113 common shares on EXM and NYSE for a total consideration of €1,622,735,677.17.
Ferrari (NYSE/EXM: RACE) ha completato la settima tranche del suo programma di riacquisto di azioni pluriennale acquistando 666.666 azioni ordinarie per €299.999.700 tramite un'offerta accelerata di bookbuilding da parte di Exor N.V. il 26 febbraio 2025.
Questa transazione fa parte del programma di riacquisto di €2,0 miliardi annunciato durante il Capital Market Day del 2022. Al 6 marzo 2025, Ferrari detiene 15.785.877 azioni proprie, che rappresentano l'8,73% del capitale sociale totale emesso. Dall'inizio del programma il 1° luglio 2022, l'azienda ha acquisito 4.963.113 azioni ordinarie su EXM e NYSE per un corrispettivo totale di €1.622.735.677,17.
Ferrari (NYSE/EXM: RACE) ha completado la séptima parte de su programa de recompra de acciones a largo plazo, adquiriendo 666.666 acciones ordinarias por €299.999.700 a través de una oferta acelerada de bookbuilding por Exor N.V. el 26 de febrero de 2025.
Esta transacción forma parte del programa de recompra de €2.0 mil millones anunciado durante el Capital Market Day de 2022. A partir del 6 de marzo de 2025, Ferrari posee 15.785.877 acciones en tesorería, que representan el 8.73% del capital social total emitido. Desde el inicio del programa el 1 de julio de 2022, la compañía ha adquirido 4.963.113 acciones ordinarias en EXM y NYSE por un total de €1.622.735.677,17.
페라리 (NYSE/EXM: RACE)는 2025년 2월 26일 Exor N.V.의 가속화된 북빌딩을 통해 666,666주의 보통주를 €299,999,700에 매입하여 다년간의 자사주 매입 프로그램의 일곱 번째 단계를 완료했습니다.
이번 거래는 2022년 자본 시장의 날에 발표된 €20억 자사주 매입 프로그램의 일환입니다. 2025년 3월 6일 현재, 페라리는 15,785,877주의 자사주를 보유하고 있으며, 이는 발행된 총 자본금의 8.73%를 차지합니다. 2022년 7월 1일 프로그램 시작 이후, 회사는 EXM과 NYSE에서 총 €1,622,735,677.17에 4,963,113주의 보통주를 매입했습니다.
Ferrari (NYSE/EXM: RACE) a complété la septième tranche de son programme de rachat d'actions pluriannuel en achetant 666.666 actions ordinaires pour €299.999.700 par le biais d'une offre de bookbuilding accélérée par Exor N.V. le 26 février 2025.
Cette transaction fait partie du programme de rachat de €2,0 milliards annoncé lors du Capital Market Day de 2022. Au 6 mars 2025, Ferrari détient 15.785.877 actions propres, représentant 8,73% du capital social total émis. Depuis le lancement du programme le 1er juillet 2022, l'entreprise a acquis 4.963.113 actions ordinaires sur EXM et NYSE pour un montant total de €1.622.735.677,17.
Ferrari (NYSE/EXM: RACE) hat die siebte Tranche seines mehrjährigen Aktienrückkaufprogramms abgeschlossen, indem es am 26. Februar 2025 666.666 Stammaktien für €299.999.700 über ein beschleunigtes Bookbuilding-Angebot von Exor N.V. erworben hat.
Diese Transaktion ist Teil des €2,0 Milliarden Rückkaufprogramms, das während des Capital Market Day 2022 angekündigt wurde. Am 6. März 2025 hält Ferrari 15.785.877 eigene Aktien, was 8,73% des gesamten ausgegebenen Aktienkapitals entspricht. Seit Beginn des Programms am 1. Juli 2022 hat das Unternehmen 4.963.113 Stammaktien an EXM und NYSE für insgesamt €1.622.735.677,17 erworben.
- €300M share buyback demonstrates strong cash position
- 81.1% completion of €2B buyback program shows commitment to shareholder returns
- 8.73% treasury shares provides flexibility for future corporate actions
- Large cash outflow for buyback reduces funds for operations/investments
Maranello (Italy), March 7, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that, following the accelerated bookbuild offering made by Exor N.V. on February 26, 2025, the Company participated in the offering by purchasing No. 666,666 common shares for a total consideration of 299,999,700 Euro (the “Transaction”).
The Transaction constituted the seventh tranche (the “Seventh Tranche”) of the multi-year share buyback program of approximately
As of March 6, 2025, following the completion of the Seventh Tranche, the Company held in treasury No. 15,785,877 common shares equal to
From the start of the Program, on July 1, 2022, until March 6, 2025, the Company has purchased a total of 4,963,113 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of
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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