Ferrari N.V.: Periodic Report on the Buyback Program

Rhea-AI Summary

Ferrari N.V. informs about the purchase of common shares under the Euro 350 million share buyback program, part of a larger program aiming for approximately Euro 2 billion by 2026. The company has bought back a total of 11,525 shares for about Euro 4.55 million. Since the start of the program in July 2022, 3,061,242 own common shares have been repurchased for a total consideration of Euro 815.19 million.

Maranello (Italy), May 6, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth 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 “Fourth 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 (€)
30/04/2024	EXM	3,897	390.0759	1,520,125.78
02/05/2024	EXM	3,833	394.7818	1,513,198.64
03/05/2024	EXM	3,795	400.1077	1,518,408.72
Total	-	11,525	394.9443	4,551,733.14

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

Since the announcement of such Fourth Tranche till May 3, 2024, the total invested consideration has been:

• Euro 192,446,492.09 for No. 551,268 common shares purchased on the EXM
• USD 54,391,165.62 (Euro 49,994,518.23*) for No. 140,501 common shares purchased on the NYSE.

As of May 3, 2024, the Company held in treasury No. 13,885,346 common shares equal to 5.40% 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 May 3, 2024, the Company has purchased a total of 3,061,242 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 815,185,536.45.

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

Attachment

• FNV BB PR 6 May 2024 ENG

FAQ

How many common shares were purchased under the buyback program?

Ferrari N.V. has purchased a total of 11,525 common shares under the buyback program.

What is the total consideration for the common shares bought back?

The total consideration for the common shares bought back is Euro 4,551,733.14.

How many own common shares have been repurchased since the start of the program in July 2022?

Since July 2022, Ferrari N.V. has repurchased a total of 3,061,242 own common shares.

Where can I find more details about the buyback program transactions?

More details about the buyback program transactions can be found on Ferrari's corporate website under the Buyback Programs section.