Ferrari N.V.: Periodic Report on the Buyback Program
April 08, 2024 at 08:21 am EDT
Share
Maranello (Italy), April 8, 2024 – 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)
(€)
(€)
($)
($)
(€)*
(€)*
(€)*
02/04/2024
3,824
398.8495
1,525,200.49
-
-
-
-
3,824
398.8495
1,525,200.49
03/04/2024
3,928
385.3645
1,513,711.76
-
-
-
-
3,928
385.3645
1,513,711.76
04/04/2024
3,917
385.4223
1,509,699.15
5,938
420.9621
2,499,672.95
2,303,421.44
9,855
386.9224
3,813,120.59
05/04/2024
3,916
384.8764
1,507,175.98
6,443
419.0244
2,699,774.21
2,490,336.88
10,359
385.8976
3,997,512.86
15,585
388.5651
6,055,787.38
12,381
419.9537
5,199,447.16
4,793,758.32
27,966
387.9549
10,849,545.70
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 April 5, 2024, the total invested consideration has been:
Euro 163,798,675.39 for No. 477,885 common shares purchased on the EXM
USD 54,391,165.62 (Euro 49,994,518.23*) for No. 140,501 common shares purchased on the NYSE.
As of April 5, 2024, the Company held in treasury No. 13,835,338 common shares equal to 5.38% 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 April 5, 2024, the Company has purchased a total of 2,987,859 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 786,537,719.76.
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
Ferrari N.V. is a holding company organized around 3 areas of activity:
- manufacturing and sale of luxury sports vehicles (85.8% of net sales): 458 Italia, 488 GTB, 458 Spider, 488 Spider, F12 Berlinetta, 458 Speciale, 458 Speciale A, California T and Ferrari FF. The group also provides spare parts;
- manufacturing and sale of car engines (2.1%): Maseratti brand;
- other (12.1%): sponsorship activity, provision of financial services, etc.
Net sales are distributed geographically as follows: Italy (7.4%), the United Kingdom (10.5%), Germany (8.3%), Europe/Middle East/Africa (21.9%), the United States (25.7%), Americas (3.8%), China/Hong Kong/Taiwan (9.8%), Asia/Pacific and Australia (12.6%).
FERRARI N.V. 
