FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Maranello (Italy), March 21, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the sixth tranche of the common share buyback program announced on March 3, 2022 (“Sixth Tranche”), additional common shares - reported in aggregate form, on a daily basis - on 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 (€) |
| 15/03/2022 | EXM | 16,562 | 175.3414 | 2,904,005.00 |
| 16/03/2022 | EXM | 1,777 | 183.4044 | 325,909.70 |
| 17/03/2022 | EXM | 6,543 | 186.7698 | 1,222,035.10 |
| 18/03/2022 | EXM | 6,454 | 185.8355 | 1,199,382.35 |
| Total | - | 31,336 | 180.3463 | 5,651,332.15 |
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of the Sixth Tranche of the buyback program dated March 3, 2022 till March 18, 2022, the total invested consideration has been:
Euro 18,554,255.80 for No. 104,449 common shares purchased on the EXM- USD 9,413,362.26 (
Euro 8,607,940.43 *) for No. 49,800 common shares purchased on the NYSE.
Under the Company’s equity incentive plans, on March 16, 2022 the Company assigned, inter alia, to certain employees of Ferrari Group No. 122,125 common shares held in treasury. On the same day Ferrari purchased in a “cross order” transaction executed on the EXM No. 56,517 common shares from a group of those employees in order to cover their individual's taxable income as is standard practice (Sell to Cover) at the average price of
As of March 18, 2022, the Company held in treasury No. 10,582,454 common shares equal to
Since January 1, 2019 until March 18, 2022, the Company has purchased a total of 5,462,736 own common shares on EXM and NYSE, excluding transactions for Sell to Cover, for a total consideration of
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 (http://corporate.ferrari.com/en/investors/stock-and-shareholder-corner/buyback-programs).
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