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RACE Ferrari NV

405.92
-7.75 (-1.87%)
After Hours
Last Updated: 22:49:01
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ferrari NV NYSE:RACE NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -7.75 -1.87% 405.92 410.8248 404.1501 408.78 265,091 22:49:01

Ferrari N.V.: Periodic Report on the Buyback Program

22/07/2024 3:52pm

GlobeNewswire Inc.


Ferrari NV (NYSE:RACE)
Historical Stock Chart


From Jun 2024 to Jul 2024

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Maranello (Italy), July 22, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth 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 “Fifth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows:

TradingDate(dd/mm/yyyy)Stock ExchangeNumber of common shares purchasedAverage price per shareexcluding fees(€)Consideration excluding fees(€)
15/07/2024EXM7,000397.92242,785,456.80
16/07/2024EXM7,300390.21122,848,541.76
17/07/2024EXM7,650387.39602,963,579.40
18/07/2024EXM7,500388.47162,913,537.00
19/07/2024EXM7,500385.71282,892,846.00
Total-36,950389.823014,403,960.96

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase        Since the announcement of such Fifth Tranche till July 19, 2024, the total invested consideration has been:

  • Euro 42,214,423.87 for No. 107,950 common shares purchased on the EXM
  • USD 699,921.73 (Euro 644,792.02*) for No. 1,627 common shares purchased on the NYSE.

As of July 19, 2024, the Company held in treasury No. 14,275,243 common shares equal to 5.55% 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.        Since the start of the multi-year share buyback program of approximately Euro 2 billion announced during the 2022 Capital Markets Day, on July 1, 2022, until July 19, 2024, the Company has purchased a total of 3,451,139 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 965,603,288.60.

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).

For further information:Media Relationstel.: +39 0536 949337Email: media@ferrari.com

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  • FNV BB PR 22 July 2024 ENG

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