MARANELLO (ITALY), NOVEMBER 14, 2022 – FERRARI N.V. (NYSE/EXM: RACE) (“FERRARI” OR THE “COMPANY”) INFORMS THAT THE COMPANY HAS PURCHASED, UNDER THE EURO 150 MILLION SHARE BUYBACK PROGRAM ANNOUNCED ON JUNE 30, 2022, AS THE INITIAL 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 “FIRST TRANCHE”), THE ADDITIONAL COMMON SHARES – REPORTED IN AGGREGATE FORM, ON A DAILY BASIS – ON THE EURONEXT MILAN (EXM) AS FOLLOWS:
|
Trading
|
Stock Exchange
|
Number of frequent shares bought
|
Average worth per share
|
Consideration excluding charges
(€)
|
| 04/11/2022 | EXM | 2,417 | 201.6298 | 487,339.23 |
| 07/11/2022 | EXM | 2,433 | 200.3052 | 487,342.55 |
| 08/11/2022 | EXM | 2,425 | 200.9068 | 487,198.99 |
| 09/11/2022 | EXM | 2,407 | 202.5297 | 487,488.99 |
| 10/11/2022 | EXM | 2,360 | 205.6701 | 485,381.44 |
| 11/11/2022 | EXM | 2,320 | 210.0072 | 487,216.70 |
|
Total
|
– |
14,362 | 203.4513 | 2,921,967.90 |
Since the announcement of such First Tranche until November 11, 2022, the whole invested consideration has been:
- Euro 113,660,839.90 for No. 588,482 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 11, 2022, the Company held in treasury No. 11,755,560 frequent shares equal to 4.57% of the whole 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 particulars 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).
