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FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

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Ferrari N.V. (NYSE/EXM: RACE) has provided an update on its share buyback program. Under the €250 million fifth tranche announced on June 28, 2024, Ferrari purchased 17,800 common shares on EXM between October 21-25, 2024, at an average price of €445.9434, totaling €7,937,793.27.

Since the fifth tranche announcement, Ferrari has invested €163,653,199.63 for 398,050 shares on EXM and USD 45,452,667.64 for 97,673 shares on NYSE. As of October 25, 2024, Ferrari held 14,661,389 treasury shares, representing 5.71% of total issued share capital.

This is part of Ferrari's larger €2 billion multi-year buyback program announced during the 2022 Capital Markets Day, under which the company has purchased 3,837,285 shares for €1,127,401,634.97 since July 1, 2022.

Ferrari N.V. (NYSE/EXM: RACE) ha fornito un aggiornamento sul suo programma di riacquisto di azioni. Sotto il quinto lotto di €250 milioni annunciato il 28 giugno 2024, Ferrari ha acquistato 17.800 azioni ordinarie su EXM tra il 21 e il 25 ottobre 2024, a un prezzo medio di €445,9434, per un totale di €7.937.793,27.

Dall'annuncio del quinto lotto, Ferrari ha investito €163.653.199,63 per 398.050 azioni su EXM e USD 45.452.667,64 per 97.673 azioni su NYSE. Al 25 ottobre 2024, Ferrari deteneva 14.661.389 azioni proprie, che rappresentano il 5,71% del capitale sociale totale emesso.

Questo fa parte del programma di riacquisto più ampio di Ferrari, pari a €2 miliardi, annunciato durante il Capital Markets Day del 2022, sotto il quale l'azienda ha acquistato 3.837.285 azioni per un totale di €1.127.401.634,97 dal 1 luglio 2022.

Ferrari N.V. (NYSE/EXM: RACE) ha proporcionado una actualización sobre su programa de recompra de acciones. En el quinto tramo de €250 millones anunciado el 28 de junio de 2024, Ferrari compró 17,800 acciones comunes en EXM entre el 21 y el 25 de octubre de 2024, a un precio promedio de €445.9434, totalizando €7,937,793.27.

Desde el anuncio del quinto tramo, Ferrari ha invertido €163,653,199.63 para 398,050 acciones en EXM y USD 45,452,667.64 para 97,673 acciones en NYSE. Al 25 de octubre de 2024, Ferrari poseía 14,661,389 acciones en tesorería, que representan el 5.71% del capital social total emitido.

Esto es parte del programa de recompra más grande de Ferrari de €2 mil millones, anunciado durante el Capital Markets Day de 2022, bajo el cual la compañía ha comprado 3,837,285 acciones por un total de €1,127,401,634.97 desde el 1 de julio de 2022.

페라리 N.V. (NYSE/EXM: RACE)는 자사 주식 매입 프로그램에 대한 업데이트를 제공했습니다. 2024년 6월 28일 발표된 2억 5천만 유로 규모의 다섯 번째 트랜치에 따라, 페라리는 2024년 10월 21일부터 25일까지 EXM에서 평균 가격 445.9434 유로로 17,800주를 매입하여 총 7,937,793.27 유로를 지출했습니다.

다섯 번째 트랜치 발표 이후, 페라리는 EXM에서 398,050주에 대해 163,653,199.63 유로, NYSE에서 97,673주에 대해 45,452,667.64 USD를 투자했습니다. 2024년 10월 25일 기준으로 페라리는 14,661,389주의 자사주식을 보유하고 있으며, 이는 총 발행 주식 자본의 5.71%에 해당합니다.

이것은 2022년 자본 시장의 날에 발표된 페라리의 20억 유로 규모의 다년간 주식 매입 프로그램의 일환으로, 이 프로그램 하에 회사는 2022년 7월 1일 이후 3,837,285주를 총 1,127,401,634.97 유로에 매입했습니다.

Ferrari N.V. (NYSE/EXM: RACE) a fourni une mise à jour concernant son programme de rachat d'actions. Dans le cadre de la cinquième tranche de 250 millions d'euros annoncée le 28 juin 2024, Ferrari a acheté 17 800 actions ordinaires sur EXM entre le 21 et le 25 octobre 2024, à un prix moyen de 445,9434 euros, totalisant 7 937 793,27 euros.

Depuis l'annonce de la cinquième tranche, Ferrari a investi 163 653 199,63 euros pour 398 050 actions sur EXM et 45 452 667,64 USD pour 97 673 actions sur NYSE. Au 25 octobre 2024, Ferrari détenait 14 661 389 actions propres, représentant 5,71 % du capital social total émis.

Ceci fait partie du programme plus large de rachat d'actions de Ferrari, d'un montant de 2 milliards d'euros, annoncé lors du Capital Markets Day de 2022, au cours duquel la société a acheté 3 837 285 actions pour un total de 1 127 401 634,97 euros depuis le 1er juillet 2022.

Ferrari N.V. (NYSE/EXM: RACE) hat ein Update zu seinem Aktienrückkaufprogramm gegeben. Im Rahmen der am 28. Juni 2024 angekündigten fünften Tranche über 250 Millionen Euro erwarb Ferrari zwischen dem 21. und 25. Oktober 2024 insgesamt 17.800 Stammaktien an der EXM zu einem durchschnittlichen Preis von 445,9434 Euro, was insgesamt 7.937.793,27 Euro ergibt.

Seit der Ankündigung der fünften Tranche hat Ferrari 163.653.199,63 Euro für 398.050 Aktien an der EXM und 45.452.667,64 USD für 97.673 Aktien an der NYSE investiert. Am 25. Oktober 2024 hielt Ferrari 14.661.389 eigene Aktien, was 5,71% des gesamten ausgegebenen Aktienkapitals entspricht.

Dies ist Teil von Ferraris umfangreicherem Programm über 2 Milliarden Euro zum Aktienrückkauf, das während des Capital Markets Day 2022 angekündigt wurde, und bei dem das Unternehmen seit dem 1. Juli 2022 insgesamt 3.837.285 Aktien für 1.127.401.634,97 Euro gekauft hat.

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Maranello (Italy), October 28, 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



(€)

21/10/2024EXM3,500443.80891,553,331.15
22/10/2024EXM3,400442.49361,504,478.24
23/10/2024EXM3,700444.45881,644,497.56
24/10/2024EXM3,600449.29911,617,476.76
25/10/2024EXM3,600449.44711,618,009.56
Total-17,800445.94347,937,793.27

(*) 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 October 25, 2024, the total invested consideration has been:

  • Euro 163,653,199.63 for No. 398,050 common shares purchased on the EXM
  • USD 45,452,667.64 (Euro 41,004,362.64*) for No. 97,673 common shares purchased on the NYSE.

As of October 25, 2024, the Company held in treasury No. 14,661,389 common shares equal to 5.71% 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 October 25, 2024, the Company has purchased a total of 3,837,285 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,127,401,634.97.

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) purchase between October 21-25, 2024?

Ferrari purchased 17,800 common shares on the Euronext Milan (EXM) between October 21-25, 2024, at an average price of €445.9434 per share.

What is the total value of Ferrari's (RACE) current share buyback program announced in June 2024?

The current fifth tranche of Ferrari's buyback program, announced on June 28, 2024, is valued at €250 million.

How many treasury shares does Ferrari (RACE) hold as of October 25, 2024?

As of October 25, 2024, Ferrari held 14,661,389 treasury shares, representing 5.71% of the total issued share capital.

What is the total value of Ferrari's (RACE) multi-year buyback program announced in 2022?

Ferrari's multi-year share buyback program, announced during the 2022 Capital Markets Day, is valued at approximately €2 billion and is expected to be executed by 2026.

Ferrari N.V.

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