Maranello (Italy), November 4, 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, because the preliminary tranche of the multi-year share buyback program of roughly Euro 2 billion anticipated to be executed by 2026 consistent with the disclosure made through the 2022 Capital Markets Day (the “First Tranche”), the extra frequent shares – reported in combination kind, every day – on the Euronext Milan (EXM) as follows:
Trading
|
Stock Exchange
|
Number of frequent shares bought
|
Average value per share
|
Consideration excluding charges
(€)
|
26/10/2022 | EXM | 2,550 | 196.6770 | 501,526.35 |
27/10/2022 | EXM | 2,540 | 197.9263 | 502,732.80 |
28/10/2022 | EXM | 2,500 | 196.9065 | 492,266.25 |
31/10/2022 | EXM | 2,540 | 197.7513 | 502,288.30 |
01/11/2022 | EXM | 2,504 | 200.7748 | 502,740.10 |
02/11/2022 | EXM | 2,549 | 197.2148 | 502,700.53 |
03/11/2022 | EXM | 4,071 | 194.7716 | 792,915.18 |
Total
|
– |
19,254 | 197.2146 | 3,797,169.51 |
Since the announcement of such First Tranche until November 3, 2022, the entire invested consideration has been:
- Euro 110,738,872.01 for No. 574,120 frequent shares bought on the EXM
- USD 19,368,214.33 (Euro 19,686,561.33*) for No. 101,968 frequent shares bought on the NYSE.
As of November 3, 2022, the Company held in treasury No. 11,741,198 frequent shares equal to 4.57% of the entire issued share capital together with the frequent 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 small print 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).