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RACE Ferrari NV

429.22
0.66 (0.15%)
17 Jul 2024 - Closed
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
  0.66 0.15% 429.22 429.84 425.48 426.72 157,902 01:00:00

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

04/07/2024 11:48am

GlobeNewswire Inc.


Ferrari NV (NYSE:RACE)
Historical Stock Chart


From Jun 2024 to Jul 2024

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Maranello (Italy), July 4, 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 common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows:

 TradingDate(dd/mm/yyyy)  Stock Exchange  Number of common shares purchased  Average price per shareexcluding fees(€) Consideration excluding fees(€) 
01/07/2024EXM7,500382.15112,866,133.25
02/07/2024EXM7,500379.24662,844,349.50
03/07/2024EXM7,000390.11452,730,801.50
Total-22,000383.69478,441,284.25

Since the announcement of such Fifth Tranche till July 3, 2024, the total invested consideration has been Euro 8,441,284.25 for No. 22,000 common shares purchased on the EXM.

As of July 3, 2024, the Company held in treasury No. 14,187,666 common shares equal to 5.52% 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 3, 2024, the Company has purchased a total of 3,363,562 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 931,185,356.96.

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).

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  • FNV BB PR 04 July 2024 ENG

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