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04 Mar 2024 - 11:51Corporate and Financial

 

Maranello (Italy), March 4, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth 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 “Fourth 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 Fourth Tranche till March 1, 2024, the total invested consideration has been:

  • Euro 129,363,744.31 for No. 389,839 common shares purchased on the EXM
  • USD 34,294,885.17 (Euro 31,487,529.56*) for No. 93,205 common shares purchased on the NYSE.

As of March 1, 2024, the Company held in treasury No. 13,741,786 common shares equal to 5.35% 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.