In This Article:
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 | 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) | (€) | (€) | ($) | ($) | (€)* | (€)* | (€)* | |||
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| 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 | - | - | - | 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 |
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| 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 |
| Total | ||||||||||
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(*) 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:
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Euro 36,273,257.40 for No. 85,740 common shares purchased on the EXM
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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.
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.