Maranello (Italy), September 05, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has bought, below the Euro 150 million share buyback program introduced on June 30, 2022, because the preliminary tranche of the multi-year share buyback program of roughly Euro 2 billion anticipated to be executed by 2026 in keeping with the disclosure made throughout the 2022 Capital Markets Day (the “First Tranche”), the extra frequent shares – reported in mixture type, each day – on the Euronext Milan (EXM) as follows:
|
Trading
|
Stock Exchange
|
Number of frequent shares bought
|
Average value per share
|
Consideration excluding charges
(€)
|
| 29/08/2022 | EXM | 6,445 | 197.9391 | 1,275,717.50 |
| 30/08/2022 | EXM | 6,405 | 199.1009 | 1,275,241.26 |
| 31/08/2022 | EXM | 7,650 | 194.3955 | 1,487,125.58 |
| 01/09/2022 | EXM | 9,480 | 192.3765 | 1,823,729.22 |
| 02/09/2022 | EXM | 7,008 | 195.0984 | 1,367,249.59 |
|
Total
|
– |
36,988 | 195.4435 | 7,229,063.15 |
Since the announcement of such First Tranche until September 2, 2022, the overall invested consideration has been:
- Euro 40,514,360.35 for No. 209,127 frequent shares bought on the EXM.
As of September 2, 2022, the Company held in treasury No. 11,274,237 frequent shares equal to 4.38% of the overall issued share capital together with the frequent shares and the particular voting shares, internet of shares assigned below the Company’s fairness incentive plan.
A complete overview of the transactions carried out below the buyback program, in addition to the small print of the above transactions, can be found on Ferrari’s company web site below the Buyback Programs part (https://www.ferrari.com/en-EN/corporate/buyback-programs).
