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RACE Ferrari NV

441.09
4.01 (0.92%)
Pre Market
Last Updated: 10:07:40
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
  4.01 0.92% 441.09 971 10:07:40

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

12/11/2024 11:58am

Edgar (US Regulatory)





UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________
FORM 6-K
_______________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2024
Commission File No. 001-37596
_______________________________
FERRARI N.V.
(Translation of Registrant’s Name Into English)

_______________________________
Via Abetone Inferiore n.4
I-41053 Maranello (MO)
Italy
Tel. No.: +39 0536 949111
(Address of Principal Executive Offices)
_______________________________

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F x Form 40-F o
















    
The following exhibit is furnished herewith:
Exhibit 99.1    Press release issued by Ferrari N.V. dated November 11, 2024.







SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 11, 2024FERRARI N.V.
By:/s/ Antonio Picca Piccon
Name:Antonio Picca Piccon
Title:Chief Financial Officer




Index of Exhibits
Exhibit
Number    Description of Exhibit

99.1        Press release issued by Ferrari N.V. dated November 11, 2024.








Exhibit 99.1



FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM





Maranello (Italy), November 11, 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:


Trading
Date
(dd/mm/yyyy)



Stock
 Exchange




Number of common shares purchased


Average price per share
excluding fees

(€)



Consideration
 excluding fees

(€)


04/11/2024EXM3,700441.67261,634,188.62
05/11/2024EXM55,000412.163222,668,976.00
06/11/2024EXM9,448409.68923,870,743.56
Total68,148413.422428,173,908.18

(*) 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 November 8, 2024, the total invested consideration has been:
Euro 199,999,033.02 for No. 484,498 common shares purchased on the EXM (equal to the full amount of the Fifth Tranche to be executed on EXM as announced on June 28, 2024)
USD 45,452,667.64 (Euro 41,004,362.64*) for No. 97,673 common shares purchased on the NYSE.

As of November 8, 2024, the Company held in treasury No. 14,746,497 common shares equal to 5.74% 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.











Ferrari N.V.
Amsterdam, The Netherlands






Registered Office:
Via Abetone Inferiore N. 4,
I – 41053 Maranello (MO) Italy






Dutch trade registration number:
64060977
corporateweb.jpg










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 November 8, 2024, the Company has purchased a total of 3,923,733 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,163,747,468.36.

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 Relations
tel.: +39 0536 949337
Email: media@ferrari.com
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