FERRARI N.V.: INFORMATIVA PERIODICA SULL’ACQUISTO DI AZIONI PROPRIE

Rhea-AI Summary

Ferrari N.V. (RACE) has announced the completion of a share buyback as part of its broader program totaling €2 billion by 2026. The recent buyback, announced on December 1, 2022, represents the second tranche of this initiative, amounting to €200 million. The purchases will occur daily and will be executed on Euronext Milan and the New York Stock Exchange. This move aligns with Ferrari's strategy to enhance shareholder value and reflects its ongoing commitment to returning capital to investors.

Positive

• Completion of a €200 million share buyback reflects commitment to shareholder value.
• Part of a larger €2 billion buyback program, indicating strong financial health.

Negative

• None.

Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” o la “Società”) comunica di avere acquistato, nell’ambito del programma di acquisto di azioni proprie di Euro 200 milioni annunciato in data 1 dicembre 2022, quale seconda tranche del programma pluriennale di acquisto di azioni proprie di circa Euro 2 miliardi da eseguirsi entro il 2026 in linea con le informazioni fornite durante il Capital Markets Day del 2022 (la “Seconda Tranche”), le ulteriori azioni ordinarie sotto riportate su base giornaliera, in forma aggregata su Euronext Milan (EXM) e sul New York Stock Exchange (NYSE).

Attachment

• FNV BB PR 20 Febbraio 2023 ITA

FAQ

What is the purpose of Ferrari's recent share buyback?

The share buyback aims to enhance shareholder value and return capital to investors.

How much is Ferrari spending on the current share buyback?

Ferrari is allocating €200 million for the current share buyback.

What is the total value of Ferrari's share buyback program?

The total share buyback program is valued at approximately €2 billion to be executed by 2026.

Where will Ferrari's shares be repurchased?

The shares will be repurchased on Euronext Milan and the New York Stock Exchange.