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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, part of a larger Euro 2 billion multi-year initiative announced during the 2022 Capital Markets Day. From July 15-19, 2024, Ferrari purchased 36,950 common shares on the Euronext Milan (EXM) for a total of Euro 14,403,960.96, with an average price per share of Euro 389.8230.

Since the announcement of the Fifth Tranche, Ferrari has invested Euro 42,214,423.87 for 107,950 shares on EXM and USD 699,921.73 for 1,627 shares on NYSE. As of July 19, 2024, Ferrari held 14,275,243 treasury shares, representing 5.55% of its total issued share capital. The company has purchased a total of 3,451,139 shares worth Euro 965,603,288.60 since the program's inception on July 1, 2022.

Ferrari N.V. (NYSE/EXM: RACE) ha riportato informazioni sul suo attuale programma di riacquisto di azioni, parte di una più ampia iniziativa pluriennale da 2 miliardi di euro annunciata durante il Capital Markets Day del 2022. Dal 15 al 19 luglio 2024, Ferrari ha acquistato 36.950 azioni ordinarie su Euronext Milano (EXM) per un totale di 14.403.960,96 euro, con un prezzo medio per azione di 389,8230 euro.

Dall'annuncio della Quinta Tranche, Ferrari ha investito 42.214.423,87 euro per 107.950 azioni su EXM e 699.921,73 USD per 1.627 azioni su NYSE. Fino al 19 luglio 2024, Ferrari deteneva 14.275.243 azioni proprie, che rappresentano il 5,55% del suo capitale sociale totale emesso. L'azienda ha acquistato un totale di 3.451.139 azioni per un valore di 965.603.288,60 euro dalla nascita del programma il 1 luglio 2022.

Ferrari N.V. (NYSE/EXM: RACE) ha informado sobre su programa de recompra de acciones en curso, parte de una iniciativa multianual de 2 mil millones de euros anunciada durante el Capital Markets Day de 2022. Del 15 al 19 de julio de 2024, Ferrari adquirió 36,950 acciones ordinarias en Euronext Milán (EXM) por un total de 14,403,960.96 euros, con un precio medio por acción de 389.8230 euros.

Desde el anuncio de la Quinta Tranche, Ferrari ha invertido 42,214,423.87 euros por 107,950 acciones en EXM y 699,921.73 USD por 1,627 acciones en NYSE. A partir del 19 de julio de 2024, Ferrari poseía 14,275,243 acciones en tesorería, lo que representa el 5.55% de su capital social total emitido. La compañía ha adquirido un total de 3,451,139 acciones por un valor de 965,603,288.60 euros desde el inicio del programa el 1 de julio de 2022.

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. 2024년 7월 15일부터 19일까지, 페라리는 Euronext 밀라노(EXM)에서 36,950 주식을 총 14,403,960.96 유로에 구매했으며, 주당 평균 가격은 389.8230 유로입니다.

다섯 번째 트랜치 발표 이후, 페라리는 EXM에서 107,950 주식에 대해 42,214,423.87 유로를 투자하고, NYSE에서 1,627 주식에 대해 699,921.73 USD를 투자했습니다. 2024년 7월 19일 현재, 페라리는 14,275,243 자사주를 보유하고 있으며, 이는 총 발행 주식 자본의 5.55%를 차지합니다. 이 회사는 2022년 7월 1일부터 프로그램 시작 이후 총 3,451,139 주식965,603,288.60 유로에 매입했습니다.

Ferrari N.V. (NYSE/EXM: RACE) a rendu compte de son programme actuel de rachat d'actions, qui fait partie d'une initiative pluriannuelle de 2 milliards d'euros annoncée lors de la journée des marchés de capitaux 2022. Du 15 au 19 juillet 2024, Ferrari a acheté 36 950 actions ordinaires sur Euronext Milan (EXM) pour un total de 14 403 960,96 euros, avec un prix moyen par action de 389,8230 euros.

Depuis l'annonce de la cinquième tranche, Ferrari a investi 42 214 423,87 euros pour 107 950 actions sur EXM et 699 921,73 USD pour 1 627 actions sur NYSE. Au 19 juillet 2024, Ferrari détenait 14 275 243 actions propres, ce qui représente 5,55% de son capital social total émis. Depuis le début du programme le 1er juillet 2022, la société a acheté un total de 3 451 139 actions d'une valeur de 965 603 288,60 euros.

Ferrari N.V. (NYSE/EXM: RACE) hat über sein laufendes Aktienrückkaufprogramm berichtet, das Teil einer größeren 2-Milliarden-Euro-Initiative ist, die während des Capital Markets Day 2022 angekündigt wurde. Vom 15. bis 19. Juli 2024 kaufte Ferrari 36.950 Stammaktien an der Euronext Mailand (EXM) für insgesamt 14.403.960,96 Euro, mit einem durchschnittlichen Preis von 389,8230 Euro pro Aktie.

Seit der Ankündigung der Fünften Tranche hat Ferrari 42.214.423,87 Euro für 107.950 Aktien an der EXM und 699.921,73 USD für 1.627 Aktien an der NYSE investiert. Am 19. Juli 2024 hielt Ferrari 14.275.243 eigene Aktien, was 5,55% des gesamten ausgegebenen Aktienkapitals entspricht. Seit Beginn des Programms am 1. Juli 2022 hat das Unternehmen insgesamt 3.451.139 Aktien im Wert von 965.603.288,60 Euro gekauft.

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Maranello (Italy), July 22, 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



(€)

15/07/2024EXM7,000397.92242,785,456.80
16/07/2024EXM7,300390.21122,848,541.76
17/07/2024EXM7,650387.39602,963,579.40
18/07/2024EXM7,500388.47162,913,537.00
19/07/2024EXM7,500385.71282,892,846.00
Total-36,950389.823014,403,960.96

(*) 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 July 19, 2024, the total invested consideration has been:

  • Euro 42,214,423.87 for No. 107,950 common shares purchased on the EXM
  • USD 699,921.73 (Euro 644,792.02*) for No. 1,627 common shares purchased on the NYSE.

As of July 19, 2024, the Company held in treasury No. 14,275,243 common shares equal to 5.55% 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 July 19, 2024, the Company has purchased a total of 3,451,139 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 965,603,288.60.

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 July 15-19, 2024?

Ferrari (RACE) bought back 36,950 common shares on the Euronext Milan (EXM) between July 15-19, 2024.

What was the total amount spent by Ferrari (RACE) on share buybacks from July 15-19, 2024?

Ferrari (RACE) spent a total of Euro 14,403,960.96 on share buybacks from July 15-19, 2024.

What is the average price per share Ferrari (RACE) paid in its recent buyback?

The average price per share Ferrari (RACE) paid in its recent buyback from July 15-19, 2024 was Euro 389.8230.

How many treasury shares does Ferrari (RACE) hold as of July 19, 2024?

As of July 19, 2024, Ferrari (RACE) held 14,275,243 treasury shares, equal to 5.55% of its total issued share capital.

What is the total value of shares Ferrari (RACE) has bought back since July 1, 2022?

Since July 1, 2022, Ferrari (RACE) has bought back shares worth a total of Euro 965,603,288.60.

Ferrari N.V.

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