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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ferrari NV | BIT:RACE | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.00 | 1.01% | 399.10 | 398.00 | 401.00 | 402.90 | 397.40 | 398.00 | 300,002 | 17:00:00 |
Maranello (Italy), December 1, 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) and on the New York Stock Exchange (NYSE) as follows:
EXM | NYSE | Total | ||||||||
Trading | Number of common shares purchased | Average price per share | Consideration excluding fees | Number of common shares purchased | Average price per share | Consideration excluding fees | Consideration excluding fees | Number of common shares purchased | Average price per share | Consideration excluding fees |
Date | excluding fees | excluding fees | excluding fees | |||||||
(d/m/y) | (€) | (€) | ($) | ($) | (€)* | (€)* | (€)* | |||
28/11/2022 | 2,325 | 209.8319 | 487,859.17 | 6,900 | 217.2363 | 1,498,930.47 | 1,432,601.04 | 9,225 | 208.1800 | 1,920,460.21 |
29/11/2022 | 2,340 | 208.3664 | 487,577.38 | 4,084 | 215.8307 | 881,452.58 | 850,330.48 | 6,424 | 208.2671 | 1,337,907.86 |
30/11/2022 | 2,313 | 210.4785 | 486,836.77 | - | - | - | - | 2,313 | 210.4785 | 486,836.77 |
6,978 | 209.5548 | 1,462,273.32 | 10,984 | 216.7137 | 2,380,383.05 | 2,282,931.52 | 17,962 | 208.5071 | 3,745,204.84 | |
Total | ||||||||||
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
With the purchases described above the Company has completed the First Tranche of the program announced on June 30, 2022.
The total consideration for such First Tranche of the program was:
As of November 30, 2022, the Company held in treasury No. 11,835,481 common shares equal to 4.60% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company’s equity incentive plan.
A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section (https://www.ferrari.com/en-EN/corporate/buyback-programs).
The Company intends to continue its already disclosed multi-year share buyback program with a second tranche of up to Euro 200 million to start on December 2, 2022 (the “Second Tranche”) and to end no later than June 26, 2023 with two components:
Also the Second Tranche, like the First Tranche, implements the resolution adopted by the Shareholders’ Meeting (held on April 13, 2022) and duly communicated to the market, which authorized the purchase of up to 10% of the Company’s common shares during the eighteen-month period following such Shareholders’ Meeting. The repurchase authority will expire on October 12, 2023 or until such authority is extended or renewed before such date.
Details of the repurchase transactions carried out under the Second Tranche shall be disclosed to the market as required by applicable regulation.
Attachment
1 Year Ferrari NV Chart |
1 Month Ferrari NV Chart |
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