Maranello (Italy), October 26, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has bought, underneath the Euro 150 million share buyback program introduced on June 30, 2022, as 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 further widespread shares – reported in combination type, on a day by day foundation – on the Euronext Milan (EXM) as follows:
|
Trading
|
Stock Exchange
|
Number of widespread shares bought
|
Average value per share
|
Consideration excluding charges
(€)
|
| 17/10/2022 | EXM | 12,525 | 189.5412 | 2,374,003.53 |
| 18/10/2022 | EXM | 4,580 | 194.4388 | 890,529.70 |
| 19/10/2022 | EXM | 8,490 | 192.8757 | 1,637,514.69 |
| 20/10/2022 | EXM | 11,375 | 191.8801 | 2,182,636.14 |
| 21/10/2022 | EXM | 14,400 | 188.9897 | 2,721,451.68 |
| 24/10/2022 | EXM | 12,250 | 191.4958 | 2,345,823.55 |
| 25/10/2022 | EXM | 4,629 | 194.0376 | 898,200.05 |
|
Total
|
– |
68,249 | 191.2139 | 13,050,159.34 |
Since the announcement of such First Tranche until October 25, 2022, the whole invested consideration has been:
- Euro 106,941,702.49 for No. 554,866 widespread shares bought on the EXM
- USD 19,368,214.33 (Euro 19,686,561.33*) for No. 101,968 widespread shares bought on the NYSE.
As of October 25, 2022, the Company held in treasury No. 11,721,944 widespread shares equal to 4.56% of the whole issued share capital together with the widespread shares and the particular voting shares, internet of shares assigned underneath the Company’s fairness incentive plan.
A complete overview of the transactions carried out underneath the buyback program, in addition to the particulars of the above transactions, can be found on Ferrari’s company web site underneath the Buyback Programs part (https://www.ferrari.com/en-EN/corporate/buyback-programs).
