Ferrari N.v.: Periodic Report on the Buyback Program
November 28 2022 - 6:58AM
Maranello (Italy), November 28, 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) and on the New York Stock Exchange (NYSE)
as follows:
|
EXM |
NYSE |
Total |
Trading |
Number of common shares purchased |
Average price per share |
Consideration excluding fees |
Number of common shares purchased |
Average price per share |
Consideration excluding fees |
Consideration excluding fees |
Number of common shares purchased |
Average price per share |
Consideration excluding fees |
Date |
excluding fees |
|
excluding fees |
|
|
excluding fees |
|
(d/m/y) |
(€) |
(€) |
($) |
($) |
(€)* |
(€)* |
(€)* |
|
|
|
|
|
|
|
|
21/11/2022 |
2,335 |
208.7396 |
487,406.97 |
4,864 |
214.6046 |
1,043,836.77 |
1,018,774.91 |
7,199 |
209.2210 |
1,506,181.88 |
22/11/2022 |
2,340 |
208.2414 |
487,284.88 |
3,827 |
216.4469 |
828,342.29 |
806,251.01 |
6,167 |
209.7512 |
1,293,535.89 |
23/11/2022 |
2,330 |
209.2521 |
487,557.39 |
9,100 |
217.5550 |
1,979,750.50 |
1,917,433.90 |
11,430 |
210.4104 |
2,404,991.29 |
24/11/2022 |
2,315 |
210.5038 |
487,316.30 |
- |
- |
- |
- |
2,315 |
210.5038 |
487,316.30 |
25/11/2022 |
2,315 |
210.7490 |
487,883.94 |
- |
- |
- |
- |
2,315 |
210.7490 |
487,883.94 |
|
11,635 |
209.4929 |
2,437,449.48 |
17,791 |
216.5100 |
3,851,929.56 |
3,742,459.82 |
29,426 |
210.0153 |
6,179,909.29 |
Total |
|
(*) translated at the European Central Bank
EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such First Tranche
till November 25, 2022, the total invested consideration has
been:
- Euro 118,537,528.12 for No. 611,902 common shares purchased on
the EXM
- USD 27,667,433.56 (Euro 27,716,900.49*) for No. 140,507 common
shares purchased on the NYSE.
As of November 25, 2022, the Company held in
treasury No. 11,817,519 common shares equal to 4.60% 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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