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

Rhea-AI Summary

Ferrari N.V. announces the purchase of common shares under a Euro 350 million buyback program, with a total invested consideration of Euro 106,944,337.65. The Company has bought 21,220 common shares on the Euronext Milan and NYSE since the start of the program in 2022.

Maranello (Italy), February 12, 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 (€)
05/02/2024	EXM	4,366	345.3363	1,507,738.29
06/02/2024	EXM	4,307	348.2632	1,499,969.60
07/02/2024	EXM	4,185	357.6398	1,496,722.56
08/02/2024	EXM	4,248	353.3350	1,500,967.08
09/02/2024	EXM	4,114	360.9194	1,484,822.41
Total	-	21,220	352.9793	7,490,219.94

(*) 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 February 9, 2024, the total invested consideration has been:

• Euro 106,944,337.65 for No. 329,683 common shares purchased on the EXM
• USD 30,295,782.71 (Euro 27,798,654.09*) for No. 83,738 common shares purchased on the NYSE.

As of February 9, 2024, the Company held in treasury No. 13,672,163 common shares equal to 5.32% 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 February 9, 2024, the Company has purchased a total of 2,747,705 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 693,939,752.88.

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 12 February 2024 ENG

FAQ

How much has Ferrari N.V. invested in common shares under the buyback program?

Ferrari N.V. has invested a total of Euro 106,944,337.65 in common shares under the buyback program.

How many common shares has Ferrari N.V. purchased on the Euronext Milan and NYSE since the start of the program?

Ferrari N.V. has purchased a total of 21,220 common shares on the Euronext Milan and NYSE since the start of the buyback program in 2022.

Where can detailed information about Ferrari N.V.'s buyback programs be found?

Detailed information about Ferrari N.V.'s buyback programs can be found on the company's corporate website under the Buyback Programs section.