FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
04 November 2022 - 06:50PM
Maranello (Italy), November 4, 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) as
follows:
TradingDate(dd/mm/yyyy)
|
Stock Exchange |
Number of common shares purchased |
Average price per shareexcluding
fees(€) |
Consideration excluding fees
(€) |
26/10/2022 |
EXM |
2,550 |
196.6770 |
501,526.35 |
27/10/2022 |
EXM |
2,540 |
197.9263 |
502,732.80 |
28/10/2022 |
EXM |
2,500 |
196.9065 |
492,266.25 |
31/10/2022 |
EXM |
2,540 |
197.7513 |
502,288.30 |
01/11/2022 |
EXM |
2,504 |
200.7748 |
502,740.10 |
02/11/2022 |
EXM |
2,549 |
197.2148 |
502,700.53 |
03/11/2022 |
EXM |
4,071 |
194.7716 |
792,915.18 |
Total |
- |
19,254 |
197.2146 |
3,797,169.51 |
Since the announcement of such First Tranche
till November 3, 2022, the total invested consideration has
been:
- Euro 110,738,872.01 for No. 574,120 common shares purchased on
the EXM
- USD 19,368,214.33 (Euro 19,686,561.33*) for No. 101,968 common
shares purchased on the NYSE.
As of November 3, 2022, the Company held in
treasury No. 11,741,198 common shares equal to 4.57% 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.
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).
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