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13 Sep 2023 - 10:07Corporate and Financial



Maranello (Italy), September 13, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on June 27, 2023, as the third 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 “Third 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:


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

Since the announcement of such Third Tranche till September 12, 2023, the total invested consideration has been:

  • Euro 90,136,614.60 for No. 313,528 common shares purchased on the EXM;
  • USD 54,466,898.16 (Euro 49,860,151.51*) for No. 173,062 common shares purchased on the NYSE.

As of September 12, 2023, the Company held in treasury No. 13,042,696 common shares equal to 5.08% 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 July 1, 2022 until September 12, 2023, the Company has purchased a total of 2,118,238 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 499,194,021.63.

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 (