Maranello (Italy), July 25, 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 in step with the disclosure made throughout the 2022 Capital Markets Day (the “First Tranche”), the extra widespread shares – reported in combination kind, every day – on the Euronext Milan (EXM) as follows:
|
Trading
|
Stock Exchange
|
Number of widespread shares bought
|
Average worth per share
|
Consideration excluding charges
|
| 18/07/2022 | EXM | 6,532 | 195.2338 | 1,275,267.18 |
| 19/07/2022 | EXM | 6,584 | 194.1586 | 1,278,340.22 |
| 20/07/2022 | EXM | 6,601 | 193.2045 | 1,275,342.90 |
| 21/07/2022 | EXM | 6,532 | 195.2531 | 1,275,393.25 |
| 22/07/2022 | EXM | 6,430 | 198.3450 | 1,275,358.35 |
|
Total
|
– |
32,679 | 195.2233 | 6,379,701.91 |
Since the announcement of such First Tranche until July 22, 2022, the overall invested consideration has been:
- Euro 20,528,389.51 for No. 108,754 widespread shares bought on the EXM
As of July 22, 2022, the Company held in treasury No. 11,173,864 widespread shares equal to 4.35% of the overall 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 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).
