Ferrari N.V. : Periodic Report on the Buyback Program
December 4th, 2023
Listen to this News
Maranello (Italy), December 4, 2023 – 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:
Since the announcement of such Fourth Tranche till December 1, 2023, the total invested consideration has been:
- Euro 29,891,981.49 for No. 91,243 common shares purchased on the EXM
- USD 10,298,476.74 (Euro 9,401,845.40*) for No. 28,205 common shares purchased on the NYSE.
As of December 1, 2023, the Company held in treasury No. 13,378,190 common shares equal to 5.21% 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 December 1, 2023, the Company has purchased a total of 2,453,732 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 598,490,588.04.
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.
Source: ferrari.com
Back to All: Latest News Navnit group