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

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Ferrari purchases common shares under share buyback program
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  • Ferrari has purchased common shares under their Euro 200 million share buyback program
  • Total invested consideration has been Euro 72,217,995.70 for 249,579 common shares purchased on the EXM and USD 42,043,201.50 (Euro 38,280,232.56*) for 131,920 common shares purchased on the NYSE
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Maranello (Italy), September 4, 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 June 27, 2023, as the third 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 “Third Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows:

 EXMNYSETotal
TradingNumber of common shares purchased





Average price per shareConsideration excluding feesNumber of common shares purchased





Average price per shareConsideration excluding feesConsideration excluding feesNumber of common shares purchased





Average price per shareConsideration excluding fees
Dateexcluding fees excluding fees  excluding fees 
(d/m/y)(€)(€)($)($)(€)*(€)*(€)*
        
29/08/20233,019289.6969874,595.00----3,019289.6969874,595.00
30/08/202310,152293.37862,978,379.10----10,152293.37862,978,379.10
31/08/20233,950294.20791,162,121.4012,565318.32883,999,801.373,680,347.2316,515293.21644,842,468.63
01/09/202330,124286.99798,645,525.7014,632307.54174,499,950.154,149,714.2744,756285.888812,795,239.97
 47,245



289.1443



13,660,621.20



27,197



312.5253



8,499,751.53



7,830,061.50



74,442



288.6903



21,490,682.70



Total
 

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

Since the announcement of such Third Tranche till September 1, 2023, the total invested consideration has been:

  • Euro 72,217,995.70 for No. 249,579 common shares purchased on the EXM;
  • USD 42,043,201.50 (Euro 38,280,232.56*) for No. 131,920 common shares purchased on the NYSE.

As of September 1, 2023, the Company held in treasury No. 12,937,605 common shares equal to 5.04% 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 September 1, 2023, the Company has purchased a total of 2,013,147 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 469,695,483.78.

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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Ferrari N.V.

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