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

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Ferrari N.V. (NYSE/EXM: RACE) has reported on its ongoing share buyback program, which is part of a larger Euro 2 billion multi-year initiative announced during the 2022 Capital Markets Day. The current phase, known as the Fifth Tranche, involves a Euro 250 million share buyback announced on June 28, 2024.

From October 14 to October 18, 2024, Ferrari purchased 17,600 common shares on the Euronext Milan (EXM) at an average price of €437.7275 per share, totaling €7,704,003.72. Since the Fifth Tranche began, Ferrari has invested €155,715,406.35 for 380,250 shares on EXM and $45,452,667.64 for 97,673 shares on NYSE.

As of October 18, 2024, Ferrari held 14,643,589 treasury shares, representing 5.70% of its total issued share capital. Since July 1, 2022, the company has purchased 3,819,485 shares for a total of €1,119,463,841.70 across both EXM and NYSE.

Ferrari N.V. (NYSE/EXM: RACE) ha pubblicato un aggiornamento sul suo programma di riacquisto di azioni, che fa parte di una più ampia iniziativa multi-annuale da 2 miliardi di euro annunciata durante la Giornata dei Mercati Capitale 2022. La fase attuale, conosciuta come Quinta Tranche, prevede un riacquisto di azioni da 250 milioni di euro annunciato il 28 giugno 2024.

Dal 14 al 18 ottobre 2024, Ferrari ha acquistato 17.600 azioni ordinarie su Euronext Milano (EXM) a un prezzo medio di €437,7275 per azione, per un totale di €7.704.003,72. Dall'inizio della Quinta Tranche, Ferrari ha investito €155.715.406,35 per 380.250 azioni su EXM e $45.452.667,64 per 97.673 azioni su NYSE.

Al 18 ottobre 2024, Ferrari deteneva 14.643.589 azioni proprie, corrispondenti al 5,70% del suo capitale sociale totale emesso. Dal 1 luglio 2022, l'azienda ha acquistato 3.819.485 azioni per un totale di €1.119.463.841,70 su EXM e NYSE.

Ferrari N.V. (NYSE/EXM: RACE) ha informado sobre su programa de recompra de acciones en curso, que forma parte de una iniciativa multi-anual de 2 mil millones de euros anunciada durante el Día de los Mercados de Capital de 2022. La fase actual, conocida como Quinta Tranche, implica una recompra de acciones de 250 millones de euros anunciada el 28 de junio de 2024.

Del 14 al 18 de octubre de 2024, Ferrari compró 17.600 acciones ordinarias en Euronext Milán (EXM) a un precio promedio de €437,7275 por acción, totalizando €7.704.003,72. Desde el inicio de la Quinta Tranche, Ferrari ha invertido €155.715.406,35 por 380.250 acciones en EXM y $45.452.667,64 por 97.673 acciones en NYSE.

Al 18 de octubre de 2024, Ferrari poseía 14.643.589 acciones propias, que representan el 5,70% de su capital social total emitido. Desde el 1 de julio de 2022, la compañía ha comprado 3.819.485 acciones por un total de €1.119.463.841,70 en EXM y NYSE.

페라리 N.V. (NYSE/EXM: RACE)는 2022년 자본 시장의 날에 발표된 20억 유로 규모의 다년간 이니셔티브의 일환으로 진행 중인 자사주 매입 프로그램에 대해 보고했습니다. 현재 단계인 다섯 번째 분할에서는 2024년 6월 28일 발표된 2억 5천만 유로 규모의 자사주 매입이 포함됩니다.

2024년 10월 14일부터 10월 18일까지 페라리는 Euronext 밀라노(EXM)에서 평균 가격 €437.727517,600주의 보통주를 매입하였으며, 총액은 €7,704,003.72입니다. 다섯 번째 분할이 시작된 이후, 페라리는 EXM에서 380,250주에 대해 €155,715,406.35를 투자하였고, NYSE에서 97,673주에 대해 $45,452,667.64를 투자했습니다.

2024년 10월 18일 기준으로 페라리는 14,643,589주의 자사주를 보유하고 있으며, 이는 총 발행 주식의 5.70%에 해당합니다. 2022년 7월 1일 이후로 회사는 EXM과 NYSE에서 총 1,119,463,841.70유로에 해당하는 3,819,485주를 매입하였습니다.

Ferrari N.V. (NYSE/EXM: RACE) a fait rapport sur son programme de rachat d'actions en cours, qui fait partie d'une initiative pluriannuelle de 2 milliards d'euros annoncée lors de la Journée des Marchés de Capitaux 2022. La phase actuelle, connue sous le nom de Cinquième Tranche, implique un rachat d'actions de 250 millions d'euros annoncé le 28 juin 2024.

Du 14 au 18 octobre 2024, Ferrari a acheté 17.600 actions ordinaires sur Euronext Milan (EXM) à un prix moyen de €437,7275 par action, pour un total de €7.704.003,72. Depuis le début de la Cinquième Tranche, Ferrari a investi €155.715.406,35 pour 380.250 actions sur EXM et $45.452.667,64 pour 97.673 actions sur la NYSE.

Au 18 octobre 2024, Ferrari détenait 14.643.589 actions propres, représentant 5,70% de son capital social total émis. Depuis le 1er juillet 2022, la société a acheté 3.819.485 actions pour un total de €1.119.463.841,70 sur EXM et NYSE.

Ferrari N.V. (NYSE/EXM: RACE) hat über sein fortlaufendes Aktienrückkaufprogramm berichtet, welches Teil einer 2 Milliarden Euro umfassenden Multi-Jahres-Initiative ist, die während des Capital Markets Day 2022 angekündigt wurde. Die aktuelle Phase, bekannt als Fünfte Tranche, umfasst einen Aktienrückkauf über 250 Millionen Euro, der am 28. Juni 2024 angekündigt wurde.

Vom 14. bis 18. Oktober 2024 kaufte Ferrari 17.600 Stammaktien an der Euronext Mailand (EXM) zu einem durchschnittlichen Preis von €437,7275 pro Aktie, was insgesamt €7.704.003,72 ausmacht. Seit Beginn der Fünften Tranche hat Ferrari €155.715.406,35 für 380.250 Aktien in EXM und $45.452.667,64 für 97.673 Aktien an der NYSE investiert.

Zum 18. Oktober 2024 hielt Ferrari 14.643.589 eigene Aktien, was 5,70% des gesamten ausgegebenen Aktienkapitals entspricht. Seit dem 1. Juli 2022 hat das Unternehmen 3.819.485 Aktien für insgesamt €1.119.463.841,70 sowohl in EXM als auch in NYSE erworben.

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Maranello (Italy), October 21, 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) as follows:



Trading
Date
(dd/mm/yyyy)



Stock Exchange



Number of common shares purchased



Average price per share
excluding fees
(€)



Consideration excluding fees



(€)

14/10/2024EXM3,700434.14161,606,323.92
15/10/2024EXM3,600437.92891,576,544.04
16/10/2024EXM3,800433.21621,646,221.56
17/10/2024EXM3,200440.34471,409,103.04
18/10/2024EXM3,300444.18521,465,811.16
Total-17,600437.72757,704,003.72

(*) 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 18, 2024, the total invested consideration has been:

  • Euro 155,715,406.35        for No. 380,250 common shares purchased on the EXM
  • USD 45,452,667.64 (Euro 41,004,362.64*) for No. 97,673 common shares purchased on the NYSE.

As of October 18, 2024, the Company held in treasury No. 14,643,589 common shares equal to 5.70% 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 18, 2024, the Company has purchased a total of 3,819,485 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,119,463,841.70.

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

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FAQ

How many shares did Ferrari (RACE) buy back between October 14-18, 2024?

Ferrari (RACE) bought back 17,600 common shares on the Euronext Milan (EXM) between October 14-18, 2024.

What was the average price per share for Ferrari's (RACE) buyback from October 14-18, 2024?

The average price per share for Ferrari's (RACE) buyback from October 14-18, 2024 was €437.7275.

How much has Ferrari (RACE) invested in the Fifth Tranche of its buyback program as of October 18, 2024?

As of October 18, 2024, Ferrari (RACE) has invested €155,715,406.35 for 380,250 shares on EXM and $45,452,667.64 for 97,673 shares on NYSE in the Fifth Tranche of its buyback program.

What percentage of Ferrari's (RACE) total issued share capital was held in treasury as of October 18, 2024?

As of October 18, 2024, Ferrari (RACE) held 5.70% of its total issued share capital in treasury, equivalent to 14,643,589 common shares.

How much has Ferrari (RACE) spent on share buybacks since July 1, 2022?

Since July 1, 2022, Ferrari (RACE) has spent €1,119,463,841.70 on share buybacks, purchasing a total of 3,819,485 own common shares on EXM and NYSE.

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