16 May 2022 - 17:18Corporate and Financial


Maranello (Italy), May 16, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the sixth tranche of the common share buyback program announced on March 3, 2022 (“Sixth Tranche”), additional common shares - reported in aggregate form, on a daily basis - on Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows:

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase

Since the announcement of the Sixth Tranche of the buyback program dated March 3, 2022 till May 13, 2022, the total invested consideration has been:

  • Euro 99,999,990.00 for No. 527,592 common shares purchased on the EXM (equal to the full amount of the Sixth Tranche to be executed on EXM as announced on March 3, 2022)
  • USD 20,790,699.01 (Euro 19,387,633.57*) for No. 109,354 common shares purchased on the NYSE.

As of May 13, 2022, the Company held in treasury No. 11,065,151 common shares equal to 4.30% 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 January 1, 2019 until May 13, 2022, the Company has purchased a total of 5,945,433 own common shares on EXM and NYSE, excluding transactions for Sell to Cover, for a total consideration of Euro 922,808,190.11.

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).