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

Rhea-AI Summary

Ferrari N.V. (NYSE/EXM: RACE) has announced the purchase of additional common shares under the Euro 350 million share buyback program. The company has already invested a total of Euro 29,891,981.49 for 91,243 common shares on the EXM and USD 10,298,476.74 (Euro 9,401,845.40*) for 28,205 common shares on the NYSE. As of December 1, 2023, Ferrari holds in treasury 13,378,190 common shares, equal to 5.21% of the total issued share capital. Since the start of the multi-year share buyback program, the company has purchased a total of 2,453,732 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 598,490,588.04.

Maranello (Italy), December 4, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth 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 “Fourth 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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
27/11/2023	4,794	336.5379	1,613,362.69	-	-	-	-	4,794	336.5379	1,613,362.69
28/11/2023	4,800	334.5571	1,605,874.08	10,866	368.0779	3,999,534.46	3,652,876.48	15,666	335.6792	5,258,750.56
29/11/2023	4,901	335.7462	1,645,492.13	8,154	367.8353	2,999,329.04	2,730,386.01	13,055	335.1879	4,375,878.14
30/11/2023	5,114	331.3581	1,694,565.32	9,185	359.2393	3,299,612.97	3,018,582.90	14,299	329.6138	4,713,148.23
01/12/2023	5,477	329.6333	1,805,401.58	-	-	-	-	5,477	329.6333	1,805,401.58
	25,086	333.4408	8,364,695.81	28,205	365.1295	10,298,476.47	9,401,845.40	53,291	333.3873	17,766,541.21
Total

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

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

• Euro 29,891,981.49 for No. 91,243 common shares purchased on the EXM
• USD 10,298,476.74 (Euro 9,401,845.40*) for No. 28,205 common shares purchased on the NYSE.

As of December 1, 2023, the Company held in treasury No. 13,378,190 common shares equal to 5.21% 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 December 1, 2023, the Company has purchased a total of 2,453,732 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 598,490,588.04.

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

Attachment

• FNV BB PR 4 December 2023 ENG

FAQ

What is the latest announcement from Ferrari N.V. (NYSE/EXM: RACE)?

Ferrari N.V. has announced the purchase of additional common shares under the Euro 350 million share buyback program.

How much has Ferrari N.V. invested in common shares on the EXM and NYSE?

As of December 1, 2023, Ferrari has invested a total of Euro 29,891,981.49 for 91,243 common shares on the EXM and USD 10,298,476.74 (Euro 9,401,845.40*) for 28,205 common shares on the NYSE.

What percentage of the total issued share capital does Ferrari N.V. hold in treasury?

As of December 1, 2023, Ferrari holds in treasury 13,378,190 common shares, equal to 5.21% of the total issued share capital.

How many own common shares has Ferrari N.V. purchased since the start of the multi-year share buyback program?

Since the start of the multi-year share buyback program, Ferrari has purchased a total of 2,453,732 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 598,490,588.04.