Ferrari NV

07/15/2024 | Press release | Distributed by Public on 07/15/2024 07:32

FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM Form 6 K

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

Maranello (Italy), July 15, 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) and on the New York Stock Exchange (NYSE) as follows:

EXM
NYSE
Total
Trading

Date

(d/m/y)
Number of
common
shares
purchased

Average
price per
share

excluding
fees

(€)


Consideration
excluding fees

(€)

Number of
common
shares
purchased

Average
price per
share

excluding
fees

($)


Consideration
excluding fees

($)


Consideration
excluding fees

($)

Number of
common
shares
purchased

Average
price per
share

excluding
fees

(€)*


Consideration
excluding fees

(€)*

04/07/2024 7,000 392.2723 2,745,906.10 - - - - 7,000 392.2723 2,745,906.10
05/07/2024 7,200 392.0433 2,822,711.76 - - - - 7,200 392.0433 2,822,711.76
08/07/2024 7,000 395.3113 2,767,179.10 - - - - 7,000 395.3113 2,767,179.10
09/07/2024 7,000 395.5431 2,768,801.70 - - - - 7,000 395.5431 2,768,801.70
10/07/2024 7,000 396.7291 2,777,103.70 - - - - 7,000 396.7291 2,777,103.70
11/07/2024 6,800 398.0310 2,706,610.80 1,627 430.1916 699,921.73 644,792.02 8,427 397.6982 3,351,402.82
12/07/2024 7,000 397.2665 2,780,865.50 - - - - 7,000 397.2665 2,780,865.50
Total 49,000 395.2894 19,369,178.66 1,627 430.1916 699,921.73 644,792.02 50,627 395.3221 20,013,970.68

(*) 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 July 12, 2024, the total invested consideration has been:
•Euro 27,810,462.91 for No. 71,000 common shares purchased on the EXM
•USD 699,921.73 (Euro 644,792.02*) for No. 1,627 common shares purchased on the NYSE.

As of July 12, 2024, the Company held in treasury No. 14,238,293 common shares equal to 5.54% 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.



Ferrari N.V.
Amsterdam, The Netherlands


Registered Office:
Via Abetone Inferiore N. 4,
I - 41053 Maranello (MO) Italy


Dutch trade registration number:
64060977



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 July 12, 2024, the Company has purchased a total of 3,414,189 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 951,199,327.64.

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
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