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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 September 16 to September 20, 2024, Ferrari purchased a total of 42,089 common shares at an average price of Euro 418.8299, for a total consideration of Euro 17,628,132.33. These purchases were made on both the Euronext Milan (EXM) and the New York Stock Exchange (NYSE).

As of September 20, 2024, Ferrari held 14,475,992 common shares in treasury, representing 5.63% of the total issued share capital. Since the start of the multi-year buyback program on July 1, 2022, the company has purchased a total of 3,651,888 common shares for a total consideration of Euro 1,049,375,202.35.

Ferrari N.V. (NYSE/EXM: RACE) ha riportato aggiornamenti sul suo programma di riacquisto azioni in corso, parte di una più ampia iniziativa pluriennale da 2 miliardi di Euro annunciata durante il Capital Markets Day del 2022. La fase attuale, nota come Quinta Tranche, prevede un riacquisto di azioni da 250 milioni di Euro annunciato il 28 giugno 2024.

Dal 16 al 20 settembre 2024, Ferrari ha acquistato un totale di 42,089 azioni ordinarie a un prezzo medio di 418.8299 Euro, per un importo totale di 17,628,132.33 Euro. Questi acquisti sono stati effettuati sia su Euronext Milano (EXM) che sulla New York Stock Exchange (NYSE).

Al 20 settembre 2024, Ferrari deteneva 14,475,992 azioni ordinarie in tesoreria, corrispondenti a 5.63% del capitale sociale totale emesso. Dall'inizio del programma di riacquisto pluriennale il 1 luglio 2022, l'azienda ha acquistato un totale di 3,651,888 azioni ordinarie per un importo totale di 1,049,375,202.35 Euro.

Ferrari N.V. (NYSE/EXM: RACE) ha informado sobre su programa de recompra de acciones en curso, que forma parte de una iniciativa multianual de 2 mil millones de euros anunciada durante el Capital Markets Day de 2022. La fase actual, conocida como la Quinta Tramo, implica una recompra de acciones de 250 millones de euros anunciada el 28 de junio de 2024.

Del 16 al 20 de septiembre de 2024, Ferrari adquirió un total de 42,089 acciones ordinarias a un precio promedio de 418.8299 euros, por un importe total de 17,628,132.33 euros. Estas compras se realizaron tanto en Euronext Milán (EXM) como en la Bolsa de Nueva York (NYSE).

Al 20 de septiembre de 2024, Ferrari poseía 14,475,992 acciones ordinarias en tesorería, representando el 5.63% del capital social total emitido. Desde el inicio del programa de recompra multianual el 1 de julio de 2022, la compañía ha adquirido un total de 3,651,888 acciones ordinarias por un importe total de 1,049,375,202.35 euros.

페라리 N.V. (NYSE/EXM: RACE)는 진행 중인 자사주 매입 프로그램에 대해 보고했으며, 이는 2022년 자본 시장 데이에서 발표된 20억 유로의 다년 계획의 일환입니다. 현재 단계인 다섯 번째 트랜치는 2024년 6월 28일에 발표된 2억 5천만 유로의 자사주 매입을 포함합니다.

2024년 9월 16일부터 20일 사이에, 페라리는 42,089주의 보통주를 평균 418.8299 유로의 가격으로 매입하였으며, 총 금액은 17,628,132.33 유로입니다. 이러한 매입은 유로넥스트 밀라노 (EXM)뉴욕 증권 거래소 (NYSE)에서 이루어졌습니다.

2024년 9월 20일 기준으로 페라리는 14,475,992주의 보통주를 보유하고 있으며, 이는 발행된 총 자본금의 5.63%를 차지합니다. 2022년 7월 1일에 시작된 다년 자사주 매입 프로그램 이래로, 회사는 총 3,651,888주1,049,375,202.35 유로에 매입하였습니다.

Ferrari N.V. (NYSE/EXM: RACE) a fait rapport sur son programme de rachat d'actions en cours, qui fait partie d'une plus vaste initiative pluriannuelle de 2 milliards d'euros annoncée lors de la Journée des marchés de capitaux en 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 16 au 20 septembre 2024, Ferrari a acheté un total de 42,089 actions ordinaires à un prix moyen de 418,8299 euros, pour une considération totale de 17,628,132.33 euros. Ces acquisitions ont été réalisées à la fois sur Euronext Milan (EXM) et sur la Bourse de New York (NYSE).

Au 20 septembre 2024, Ferrari détenait 14,475,992 actions ordinaires en trésorerie, représentant 5,63% du capital social total émis. Depuis le début du programme de rachat pluriannuel le 1er juillet 2022, l'entreprise a acheté un total de 3,651,888 actions ordinaires pour une considérations totale de 1,049,375,202.35 euros.

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

Vom 16. bis 20. September 2024 kaufte Ferrari insgesamt 42,089 Stammaktien zu einem Durchschnittspreis von 418,8299 Euro, was eine Gesamtsumme von 17,628,132.33 Euro ergibt. Diese Käufe wurden sowohl an der Euronext Mailand (EXM) als auch an der New Yorker Börse (NYSE) getätigt.

Am 20. September 2024 hielt Ferrari 14,475,992 Stammaktien im Portfolio, was 5,63% des insgesamt ausgegebenen Kapitals entspricht. Seit Beginn des mehrjährigen Rückkaufprogramms am 1. Juli 2022 hat das Unternehmen insgesamt 3,651,888 Stammaktien zu einem Gesamtwert von 1,049,375,202.35 Euro gekauft.

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Maranello (Italy), September 23, 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) 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)(€)(€)($)($)(€)*(€)*(€)*
        
16/09/20245,700421.44062,402,211.423,880463.84391,799,714.331,617,575.359,580419.60204,019,786.77
17/09/20245,600420.98782,357,531.682,585464.13071,199,777.861,078,355.088,185419.77853,435,886.76
18/09/20246,600415.02962,739,195.363,476460.24621,599,815.791,438,165.9410,076414.58534,177,361.30
19/09/20245,250419.58372,202,814.43----5,250419.58372,202,814.43
20/09/20245,600421.34592,359,537.043,398470.80761,599,804.221,432,746.048,998421.45843,792,283.08
 28,750



419.5231



12,061,289.93



13,339



464.7359



6,199,112.21



5,566,842.40



42,089



418.8299



17,628,132.33



Total
 

(*) 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 September 20, 2024, the total invested consideration has been:

  • Euro 107,416,275.08 for No. 265,150 common shares purchased on the EXM
  • USD 21,295,884.30 (Euro 19,214,854.56 *) for No. 45,176 common shares purchased on the NYSE.

As of September 20, 2024, the Company held in treasury No. 14,475,992 common shares equal to 5.63% 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 September 20, 2024, the Company has purchased a total of 3,651,888 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,        049,375,202.35.

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


FAQ

How many shares did Ferrari (RACE) buy back between September 16-20, 2024?

Ferrari (RACE) bought back 42,089 common shares between September 16-20, 2024.

What was the average price per share for Ferrari's (RACE) buyback from September 16-20, 2024?

The average price per share for Ferrari's (RACE) buyback from September 16-20, 2024 was Euro 418.8299.

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

Ferrari (RACE) has spent Euro 1,049,375,202.35 on share buybacks since July 1, 2022.

What percentage of Ferrari's (RACE) total issued share capital is held in treasury as of September 20, 2024?

As of September 20, 2024, Ferrari (RACE) held 5.63% of its total issued share capital in treasury.

What is the total value of the current share buyback program announced by Ferrari (RACE) on June 28, 2024?

The current share buyback program announced by Ferrari (RACE) on June 28, 2024, is valued at Euro 250 million.

Ferrari N.V.

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