Ferrari N.v.: Periodic Report on the Buyback Program
16 Januar 2023 - 4:58PM
Maranello (Italy), January 16,
2023 – Ferrari N.V. (NYSE/EXM: RACE)
(“Ferrari” or the “Company”)
informs that the Company has purchased, under the Euro 200 million
share buyback program announced on December 1, 2022, as the second
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
“Second 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 (€) |
09/01/2023 |
EXM |
5,200 |
214.6976 |
1,116,427.52 |
10/01/2023 |
EXM |
5,150 |
214.6407 |
1,105,399.61 |
11/01/2023 |
EXM |
5,120 |
215.9513 |
1,105,670.66 |
12/01/2023 |
EXM |
5,100 |
217.3482 |
1,108,475.82 |
13/01/2023 |
EXM |
5,090 |
217.4830 |
1,106,988.47 |
Total |
- |
25,660 |
216.0157 |
5,542,962.07 |
(*) translated at the European Central Bank
EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Second Tranche
till January 13, 2023, the total invested consideration has
been:
- Euro 34,880,796.71 for No. 166,708 common shares purchased on
the EXM
- USD 8,757,853.08 (Euro 8,271,632.62*) for No. 40,049 common
shares purchased on the NYSE.
As of January 13, 2023, the Company held in
treasury No. 12,034,386 common shares equal to 4.68% 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 July 1, 2022 until January 13, 2023, the
Company has purchased a total of 980,494 own common shares on EXM
and NYSE, including transactions for Sell to Cover, for a total
consideration of Euro 193,878,109.04.
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).
- FNV BB PR 16 January 2023 ENG
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