Ferrari N.v.: Periodic Report on the Buyback Program
November 14 2022 - 1:20PM
MARANELLO (ITALY), NOVEMBER 14, 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) AS FOLLOWS:
TradingDate(dd/mm/yyyy)
|
Stock Exchange
|
Number of common shares
purchased |
Average price per
shareexcluding fees(€)
|
Consideration excluding
fees (€)
|
04/11/2022 |
EXM |
2,417 |
201.6298 |
487,339.23 |
07/11/2022 |
EXM |
2,433 |
200.3052 |
487,342.55 |
08/11/2022 |
EXM |
2,425 |
200.9068 |
487,198.99 |
09/11/2022 |
EXM |
2,407 |
202.5297 |
487,488.99 |
10/11/2022 |
EXM |
2,360 |
205.6701 |
485,381.44 |
11/11/2022 |
EXM |
2,320 |
210.0072 |
487,216.70 |
Total
|
- |
14,362 |
203.4513 |
2,921,967.90 |
Since the announcement of such First Tranche
till November 11, 2022, the total invested consideration has
been:
- Euro 113,660,839.90 for No. 588,482 common shares purchased on
the EXM
- USD 19,368,214.33 (Euro 19,686,561.33*) for No. 101,968 common
shares purchased on the NYSE.
As of November 11, 2022, the Company held in
treasury No. 11,755,560 common shares equal to 4.57% 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).
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