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 December 2024
Commission File No. 001-37596
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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 December 20, 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.
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Date: December 20, 2024 | FERRARI N.V. |
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| 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 December 20, 2024.
Exhibit 99.1
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Maranello (Italy), December 20, 2024 – 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 December 5, 2024, as the sixth 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 “Sixth 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:
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| EXM | NYSE | Total |
Trading
Date
(d/m/y) | Number of common shares purchased
|
Average price per share
excluding fees
(€)
|
Consideration excluding fees
(€)
| Number of common shares purchased
|
Average price per share
excluding fees
($)
|
Consideration excluding fees
($)
|
Consideration excluding fees
(€)*
| Number of common shares purchased
|
Average price per share
excluding fees
(€)*
|
Consideration excluding fees
(€)*
|
16/12/2024 | 10,223 | 424.5513 | 4,340,188.40 | 9,039 | 439.3239 | 3,971,048.73 | 3,782,671.68 | 19,262 | 421.7039 | 8,122,860.08 |
17/12/2024 | — | 0.0000 | — | 5,752 | 434.4037 | 2,498,690.08 | 2,380,384.95 | 5,752 | 413.8360 | 2,380,384.95 |
18/12/2024 | 7,514 | 413.9186 | 3,110,184.60 | — | — | — | — | 7,514 | 413.9186 | 3,110,184.60 |
19/12/2024 | 22,023 | 412.3412 | 9,080,989.40 | 4,716 | 424.0260 | 1,999,706.62 | 1,923,719.69 | 26,739 | 411.5602 | 11,004,709.09 |
Total | 39,760 | 415.7787 | 16,531,362.40 | 19,507 | 434.1747 | 8,469,445.43 | 8,086,776.32 | 59,267 | 415.3768 | 24,618,138.72 |
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Sixth Tranche till December 19, 2024, the total invested consideration has been:
•Euro 36,273,257.40 for No. 85,740 common shares purchased on the EXM
•USD 10,969,297.64 (Euro 10,469,630.39*) for No. 25,020 common shares purchased on the NYSE.
As of December 19, 2024, the Company held in treasury No. 14,879,168 common shares equal to 5.79% 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.
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Ferrari N.V. Amsterdam, The Netherlands |
Registered Office: Via Abetone Inferiore N. 4, I – 41053 Maranello (MO) Italy |
Dutch trade registration number: 64060977 | |
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 December 19, 2024, the Company has purchased a total of 4,056,404 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,219,479,343.84.
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