Maranello (Italy), September 19, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 150 million share buyback program announced on June 30, 2022, as the initial 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 “First 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) (€) (€) ($) ($) (€)* (€)* (€)*
               
12/09/2022 6,180 198.2239 1,225,023.70 - - - - 6,180 198.2239 1,225,023.70
13/09/2022 6,145 199.4002 1,225,314.23 - - - - 6,145 199.4002 1,225,314.23
14/09/2022 6,125 199.9835 1,224,898.94 10,498 199.5503 2,094,879.05 2,096,976.03 16,623 199.8361 3,321,874.96
15/09/2022 6,135 199.7729 1,225,606.74 6,600 197.7296 1,305,015.36 1,306,060.21 12,735 198.7960 2,531,666.95
16/09/2022 6,235 196.5125 1,225,255.44 3,713 196.7145 730,400.94 733,776.31 9,948 196.9272 1,959,031.75
  30,820 198.7702 6,126,099.05 20,811 198.4669 4,130,295.35 4,136,812.54 51,631 198.7742 10,262,911.59
Total
 

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

Since the announcement of such First Tranche till September 16, 2022, the total invested consideration has been:

  • Euro 55,069,419.79 for No. 283,682 common shares purchased on the EXM
  • USD 4,130,295.35 (Euro 4,136,812.54*) for No. 20,811 common shares purchased on the NYSE.

As of September 16, 2022, the Company held in treasury No. 11,369,603 common shares equal to 4.42% 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.

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).

Attachment

  • FNV BB PR 19.09.2022 ENG
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