Ferrari NV

09/23/2024 | Press release | Distributed by Public on 09/23/2024 10:48

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

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

Maranello (Italy), September 23, 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

(€)*

16/09/2024 5,700 421.4406 2,402,211.42 3,880 463.8439 1,799,714.33 1,617,575.35 9,580 419.6020 4,019,786.77
17/09/2024 5,600 420.9878 2,357,531.68 2,585 464.1307 1,199,777.86 1,078,355.08 8,185 419.7785 3,435,886.76
18/09/2024 6,600 415.0296 2,739,195.36 3,476 460.2462 1,599,815.79 1,438,165.94 10,076 414.5853 4,177,361.30
19/09/2024 5,250 419.5837 2,202,814.43 - - - - 5,250 419.5837 2,202,814.43
20/09/2024 5,600 421.3459 2,359,537.04 3,398 470.8076 1,599,804.22 1,432,746.04 8,998 421.4584 3,792,283.08
Total 28,750 419.5231 12,061,289.93 13,339 464.7359 6,199,112.21 5,566,842.40 42,089 418.8299 17,628,132.33

(*) 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 September 20, 2024, the total invested consideration has been:
•Euro 107,416,275.08 for No. 265,150 common shares purchased on the EXM
•USD 21,295,884.30 (Euro 19,214,854.56 *) for No. 45,176 common shares purchased on the NYSE.

As of September 20, 2024, the Company held in treasury No. 14,475,992 common shares equal to 5.63% 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 September 20, 2024, the Company has purchased a total of 3,651,888 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,049,375,202.35.

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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