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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 repurchase plan announced on June 28, 2024.

From August 23 to August 30, 2024, Ferrari bought back 33,616 common shares at an average price of €437.4443 per share, totaling €14,705,128.16. These purchases were made on both the Euronext Milan (EXM) and New York Stock Exchange (NYSE). Since the Fifth Tranche began, Ferrari has invested €73,651,128.73 for 186,150 shares on EXM and approximately €9,117,101 for 6,543 shares on NYSE.

As of August 30, 2024, Ferrari held 14,358,359 treasury shares, representing 5.59% of its total issued share capital. Since the multi-year buyback program's inception on July 1, 2022, Ferrari has repurchased 3,534,255 shares for a total of €999,193,901.46.

Ferrari N.V. (NYSE/EXM: RACE) ha reso noto il suo programma di riacquisto di azioni in corso, parte di una più ampia iniziativa pluriennale di 2 miliardi di euro annunciata durante il Capital Markets Day 2022. L'attuale fase, conosciuta come Quinta Tranche, prevede un piano di riacquisto di azioni da 250 milioni di euro annunciato il 28 giugno 2024.

Dal 23 al 30 agosto 2024, Ferrari ha riacquistato 33.616 azioni ordinarie a un prezzo medio di €437,4443 per azione, per un totale di €14.705.128,16. Questi acquisti sono stati effettuati sia sulla Euronext Milano (EXM) che sulla New York Stock Exchange (NYSE). Dall'inizio della Quinta Tranche, Ferrari ha investito €73.651.128,73 per 186.150 azioni su EXM e circa €9.117.101 per 6.543 azioni su NYSE.

Al 30 agosto 2024, Ferrari deteneva 14.358.359 azioni in tesoreria, pari al 5,59% del capitale sociale totale emesso. Dall'inizio del programma di riacquisto pluriennale il 1 luglio 2022, Ferrari ha riacquistato 3.534.255 azioni per un totale di €999.193.901,46.

Ferrari N.V. (NYSE/EXM: RACE) ha informado sobre su programa actual de recompra de acciones, que es parte de una iniciativa más amplia de 2 mil millones de euros anunciada durante el Capital Markets Day de 2022. La fase actual, conocida como Quinta Tranche, implica un plan de recompra de acciones de 250 millones de euros anunciado el 28 de junio de 2024.

Del 23 al 30 de agosto de 2024, Ferrari recompró 33,616 acciones ordinarias a un precio promedio de €437,4443 por acción, sumando un total de €14,705,128.16. Estas compras se realizaron tanto en Euronext Milán (EXM) como en la Bolsa de Nueva York (NYSE). Desde que comenzó la Quinta Tranche, Ferrari ha invertido €73,651,128.73 en 186,150 acciones en EXM y aproximadamente €9,117,101 en 6,543 acciones en NYSE.

Hasta el 30 de agosto de 2024, Ferrari tenía 14,358,359 acciones en tesorería, representando el 5.59% de su capital social total emitido. Desde el inicio del programa de recompra plurianual el 1 de julio de 2022, Ferrari ha recomprado 3,534,255 acciones por un total de €999,193,901.46.

Ferrari N.V. (NYSE/EXM: RACE)는 2022년 자본 시장의 날에 발표된 20억 유로 규모의 다년간 계획의 일환으로 진행 중인 자사주 매입 프로그램을 보고했습니다. 현재 단계인 다섯 번째 분할에서는 2024년 6월 28일에 발표된 2억 5천만 유로 규모의 자사주 매입 계획이 포함됩니다.

2024년 8월 23일부터 30일까지 Ferrari는 평균 가격 €437.4443로 33,616주의 보통주를 매입하여 총 €14,705,128.16에 달합니다. 이 구매는 밀라노 유로넥스트(EXM)와 뉴욕 증권 거래소(NYSE) 모두에서 이루어졌습니다. 다섯 번째 분할이 시작된 이후, Ferrari는 EXM에서 186,150주에 대해 €73,651,128.73을 투자했으며, NYSE에서 6,543주에 대해 약 €9,117,101을 투자했습니다.

2024년 8월 30일 기준, Ferrari는 14,358,359주의 자사주를 보유하고 있으며, 이는 총 발행 주식 자본의 5.59%를 차지합니다. 2022년 7월 1일부터 시작된 다년간 매입 프로그램을 통해 Ferrari는 총 €999,193,901.46에 해당하는 3,534,255주를 재매입했습니다.

Ferrari N.V. (NYSE/EXM: RACE) a fait le point sur son programme de rachat d'actions en cours, qui fait partie d'une initiative plus vaste de 2 milliards d'euros annoncée lors du Capital Markets Day 2022. La phase actuelle, connue sous le nom de Cinquième Tranche, comprend un plan de rachat d'actions de 250 millions d'euros annoncé le 28 juin 2024.

Du 23 au 30 août 2024, Ferrari a racheté 33 616 actions ordinaires à un prix moyen de 437,4443 € par action, pour un total de 14 705 128,16 €. Ces achats ont été réalisés à la fois sur Euronext Milan (EXM) et sur la Bourse de New York (NYSE). Depuis le début de la Cinquième Tranche, Ferrari a investi 73 651 128,73 € pour 186 150 actions sur l'EXM et environ 9 117 101 € pour 6 543 actions sur le NYSE.

Au 30 août 2024, Ferrari détenait 14 358 359 actions propres, représentant 5,59 % de son capital social total émis. Depuis le lancement du programme de rachat sur plusieurs années le 1er juillet 2022, Ferrari a racheté 3 534 255 actions pour un total de 999 193 901,46 €.

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

Von 23. bis 30. August 2024 kaufte Ferrari 33.616 Stammaktien zu einem Durchschnittspreis von €437,4443 pro Aktie zurück, was insgesamt €14.705.128,16 ausmacht. Diese Käufe wurden sowohl an der Euronext Mailand (EXM) als auch an der New Yorker Börse (NYSE) getätigt. Seit Beginn der Fünften Tranche hat Ferrari €73.651.128,73 für 186.150 Aktien an der EXM und ungefähr €9.117.101 für 6.543 Aktien an der NYSE investiert.

Bis zum 30. August 2024 hielt Ferrari 14.358.359 eigene Aktien, was 5,59% des gesamten ausgegebenen Aktienkapitals entspricht. Seit Beginn des mehrjährigen Rückkaufprogramms am 1. Juli 2022 hat Ferrari 3.534.255 Aktien für insgesamt €999.193.901,46 zurückgekauft.

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aranello (Italy), September 2, 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:

  EXM NYSE Total
Trading Number of common shares purchased Average price per share Consideration excluding fees Number of common shares purchased Average price per share Consideration excluding fees Consideration excluding fees Number of common shares purchased Average price per share Consideration excluding fees
Date excluding fees   excluding fees    excluding fees  
(d/m/y) (€) (€) ($) ($) (€)* (€)* (€)*
        
23/08/2024 4,900 432.3368 2,118,450.32 - - - - 4,900 432.3368 2,118,450.32
26/08/2024 5,000 431.9164 2,159,582.00 - - - - 5,000 431.9164 2,159,582.00
27/08/2024 4,900 433.1704 2,122,534.96 2,448 490.0928 1,199,747.17 1,074,849.65 7,348 435.1367 3,197,384.61
28/08/2024 4,700 438.9988 2,063,294.36 2,468 486.0572 1,199,589.17 1,079,058.35 7,168 438.3863 3,142,352.71
29/08/2024 4,600 441.7712 2,032,147.52 - - - - 4,600 441.7712 2,032,147.52
30/08/2024 4,600 446.7850 2,055,211.00 - - - - 4,600 446.7850 2,055,211.00
  28,700 437.3247 12,551,220.16 4,916 488.0668 2,399,336.34 2,153,908.00 33,616 437.4443 14,705,128.16
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 August 30, 2024, the total invested consideration has been:

  • Euro 73,651,128.73 for No. 186,150 common shares purchased on the EXM
  • USD$1(Euro$101*) for No. 6,543 common shares purchased on the NYSE.

As of August 30, 2024, the Company held in treasury No. 14,358,359 common shares equal to 5.59% 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 August 30, 2024, the Company has purchased a total of 3,534,255 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 999,193,901.46.

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).

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FAQ

How many shares did Ferrari (RACE) buy back between August 23 and August 30, 2024?

Ferrari (RACE) bought back 33,616 common shares between August 23 and August 30, 2024.

What was the average price per share for Ferrari's (RACE) buyback from August 23 to August 30, 2024?

The average price per share for Ferrari's (RACE) buyback from August 23 to August 30, 2024 was €437.4443.

How much has Ferrari (RACE) invested in the Fifth Tranche of its buyback program as of August 30, 2024?

As of August 30, 2024, Ferrari (RACE) has invested €73,651,128.73 for shares on EXM and approximately €9,117,101 for shares on NYSE in the Fifth Tranche of its buyback program.

What percentage of Ferrari's (RACE) total issued share capital was held in treasury as of August 30, 2024?

As of August 30, 2024, Ferrari (RACE) held 5.59% of its total issued share capital in treasury shares.

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

Since July 1, 2022, Ferrari (RACE) has spent €999,193,901.46 on share buybacks, purchasing a total of 3,534,255 shares.

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