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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. The current phase, the Fifth Tranche, involves a Euro 250 million share buyback announced on June 28, 2024. From July 22 to July 29, 2024, Ferrari purchased 49,500 common shares on the Euronext Milan (EXM) for a total of Euro 18,885,484.70.

Since the Fifth Tranche began, Ferrari has invested Euro 61,099,908.57 for 157,450 shares on EXM and USD 699,921.73 for 1,627 shares on NYSE. As of July 29, 2024, Ferrari held 14,324,743 treasury shares, representing 5.57% of its total issued share capital. The company has purchased 3,500,639 shares worth Euro 984,488,773.30 since the program's inception on July 1, 2022.

Ferrari N.V. (NYSE/EXM: RACE) ha comunicato informazioni sul suo programma di riacquisto di azioni, parte di una più ampia iniziativa multi-anno da 2 miliardi di euro annunciata durante il Capital Markets Day del 2022. La fase attuale, il Quinto Tranche, prevede un riacquisto di azioni per 250 milioni di euro annunciato il 28 giugno 2024. Dal 22 al 29 luglio 2024, Ferrari ha acquistato 49.500 azioni ordinarie su Euronext Milano (EXM) per un totale di 18.885.484,70 euro.

Da quando è iniziato il Quinto Tranche, Ferrari ha investito 61.099.908,57 euro per 157.450 azioni su EXM e 699.921,73 USD per 1.627 azioni su NYSE. Al 29 luglio 2024, Ferrari deteneva 14.324.743 azioni proprie, pari al 5,57% del suo capitale sociale totale emesso. L'azienda ha acquistato 3.500.639 azioni per un valore di 984.488.773,30 euro dall'inizio del programma il 1° luglio 2022.

Ferrari N.V. (NYSE/EXM: RACE) ha informado sobre su programa de recompra de acciones, parte de una iniciativa multianual de 2 mil millones de euros anunciada durante el Capital Markets Day de 2022. La fase actual, la Quinta Tramo, involucra una recompra de acciones de 250 millones de euros anunciada el 28 de junio de 2024. Del 22 al 29 de julio de 2024, Ferrari compró 49.500 acciones ordinarias en Euronext Milán (EXM) por un total de 18.885.484,70 euros.

Desde que comenzó el Quinta Tramo, Ferrari ha invertido 61.099.908,57 euros por 157.450 acciones en EXM y 699.921,73 USD por 1.627 acciones en NYSE. Al 29 de julio de 2024, Ferrari poseía 14.324.743 acciones en tesorería, representando el 5,57% de su capital social total emitido. La empresa ha adquirido 3.500.639 acciones por un valor de 984.488.773,30 euros desde el inicio del programa el 1 de julio de 2022.

페라리 N.V. (NYSE/EXM: RACE)는 현재 진행 중인 자사주 매입 프로그램에 대해 보고했으며, 이는 2022년 자본 시장의 날에 발표된 20억 유로의 다년도 계획의 일환입니다. 현재 단계인 다섯 번째 분할에서는 2024년 6월 28일에 발표된 2억 5천만 유로의 자사주 매입이 포함됩니다. 2024년 7월 22일부터 29일 사이에 페라리는 Euronext 밀라노(EXM)에서 총 18,885,484.70 유로49,500주의 보통주를 매입했습니다.

다섯 번째 분할이 시작된 이후, 페라리는 EXM에서 157,450주에 대해 61,099,908.57 유로를 투자했으며, NYSE에서 1,627주에 대해 699,921.73 USD를 투자했습니다. 2024년 7월 29일 기준으로 페라리는 14,324,743주의 자사주를 보유하고 있으며, 이는 발행된 총 주식 자본의 5.57%에 해당합니다. 이 회사는 2022년 7월 1일 프로그램 시작 이후 3,500,639주984,488,773.30 유로에 매입했습니다.

Ferrari N.V. (NYSE/EXM: RACE) a rendu compte de son programme de rachat d'actions en cours, qui fait partie d'une plus grande initiative pluriannuelle de 2 milliards d'euros annoncée lors du Capital Markets Day de 2022. La phase actuelle, la cinquième tranche, implique un rachat d'actions de 250 millions d'euros annoncé le 28 juin 2024. Du 22 au 29 juillet 2024, Ferrari a acheté 49 500 actions ordinaires sur Euronext Milan (EXM) pour un total de 18 885 484,70 euros.

Depuis le début de la cinquième tranche, Ferrari a investi 61 099 908,57 euros pour 157 450 actions sur EXM et 699 921,73 USD pour 1 627 actions sur NYSE. Au 29 juillet 2024, Ferrari détenait 14 324 743 actions propres, représentant 5,57 % de son capital social total émis. Depuis le début du programme le 1er juillet 2022, l'entreprise a acquis 3 500 639 actions pour une valeur de 984 488 773,30 euros.

Ferrari N.V. (NYSE/EXM: RACE) hat über sein laufendes Aktienrückkaufprogramm berichtet, welches Teil einer größeren 2 Milliarden Euro umfassenden Mehrjahresinitiative ist, die während des Capital Markets Day 2022 angekündigt wurde. Die aktuelle Phase, das fünfte Tranche, beinhaltet einen Aktienrückkauf von 250 Millionen Euro, der am 28. Juni 2024 angekündigt wurde. Vom 22. bis 29. Juli 2024 kaufte Ferrari 49.500 Stammaktien an der Euronext Mailand (EXM) zu einem Gesamtwert von 18.885.484,70 Euro.

Seit Beginn des fünften Tranches hat Ferrari 61.099.908,57 Euro für 157.450 Aktien an der EXM und 699.921,73 USD für 1.627 Aktien an der NYSE investiert. Zum 29. Juli 2024 hielt Ferrari 14.324.743 eigene Aktien, was 5,57 % des insgesamt ausgegebenen Aktienkapitals entspricht. Das Unternehmen hat seit Beginn des Programms am 1. Juli 2022 3.500.639 Aktien im Wert von 984.488.773,30 Euro erworben.

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Maranello (Italy), July 30, 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



(€)

22/07/2024EXM7,700385.87752,971,256.75
23/07/2024EXM7,300388.79452,838,199.85
24/07/2024EXM8,500382.43663,250,711.10
25/07/2024EXM9,000375.86063,382,745.40
26/07/2024EXM8,500378.73603,219,256.00
29/07/2024EXM8,500379.21363,223,315.60
Total-49,500381.524918,885,484.70

(*) 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 29, 2024, the total invested consideration has been:

  • Euro 61,099,908.57 for No. 157,450 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 29, 2024, the Company held in treasury No. 14,324,743 common shares equal to 5.57% 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 29, 2024, the Company has purchased a total of 3,500,639 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 984,488,773.30.

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 22 and July 29, 2024?

Ferrari (RACE) bought back 49,500 common shares on the Euronext Milan (EXM) between July 22 and July 29, 2024.

What was the total value of Ferrari's (RACE) share buybacks from July 22 to July 29, 2024?

The total value of Ferrari's (RACE) share buybacks from July 22 to July 29, 2024 was Euro 18,885,484.70.

How much has Ferrari (RACE) invested in the Fifth Tranche of its buyback program as of July 29, 2024?

As of July 29, 2024, Ferrari (RACE) has invested Euro 61,099,908.57 for shares on EXM and USD 699,921.73 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 July 29, 2024?

As of July 29, 2024, Ferrari (RACE) held 5.57% of its total issued share capital in treasury, equivalent to 14,324,743 common shares.

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

Since the program started on July 1, 2022, Ferrari (RACE) has spent Euro 984,488,773.30 on share buybacks, purchasing a total of 3,500,639 shares.

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