21 Nov 2022 - 18:48Corporate and Financial

FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

 

Maranello (Italy), November 21, 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:

 

(*) 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 18, 2022, the total invested consideration has been:

  • Euro 116,100,078.65 for No. 600,267 common shares purchased on the EXM
  • USD 23,815,504.00 (Euro 23,974,440.67*) for No. 122,716 common shares purchased on the NYSE.

As of November 18, 2022, the Company held in treasury No. 11,788,093 common shares equal to 4.58% 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).