Ferrari N.V.: Completion of the Third Tranche of the Multi-Year Share Repurchase Program
23 Octubre 2023 - 12:15PM
Maranello (Italy), October 23,
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 New York Stock Exchange
(NYSE) as follows:
TradingDate(dd/mm/yyyy) |
Stock Exchange |
Number of common shares purchased |
Average price per shareexcluding
fees($) |
Consideration excluding
fees($) |
Consideration excluding
fees(€) |
18/10/2023 |
NYSE |
8,222 |
304.0275 |
2,499,714.11 |
2,366,033.23 |
19/10/2023 |
NYSE |
9,735 |
302.1467 |
2,941,398.12 |
2,785,942.53 |
Total |
- |
17,957 |
303.0079 |
5,441,112.23 |
5,151,975.76 |
(*) translated at the European Central Bank
EUR/USD exchange reference rate as of the date of each purchase
With the purchases described above the Company
has completed the Third Tranche of the Program.
The total consideration for such Third Tranche
of the Program was:
- Euro 129,999,723.00 for No.
457,570 common
shares purchased on the EXM
- USD 75,906,916.58 (Euro
69,999,782.62*) for No. 245,066 common shares purchased on the
NYSE.
As of October 20, 2023, the Company held in
treasury No. 13,258,742 common shares equal to 5.16% 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 October 20, 2023, the
Company has purchased a total of 2,334,284 own common shares on EXM
and NYSE, including transactions for Sell to Cover, for a total
consideration of Euro 559,196,761.15.
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).
For further information:Media Relationstel.: +39 0536
949337Email: media@ferrari.com
- FNV BB PR 23 October 2023 ENG
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