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

Rhea-AI Summary

Ferrari N.V. (NYSE/EXM: RACE) has provided an update on its share buyback program. Under the Euro 150 million sixth tranche announced on December 5, 2024, which is part of a larger Euro 2 billion multi-year buyback program expected to run through 2026, the company has made several purchases on both the Euronext Milan (EXM) and New York Stock Exchange (NYSE).

Recent transactions include:

• February 13, 2025: 1,267 shares at average €466.48
• February 14, 2025: 7,694 shares at average €477.86

As of February 14, 2025, Ferrari holds 15,067,471 treasury shares, representing 5.86% of total issued share capital. Since the program's inception on July 1, 2022, Ferrari has purchased 4,244,707 common shares for a total consideration of Euro 1,297,719,651.74.

Maranello (Italy), February 17, 2025 – 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 December 5, 2024, as the sixth 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 “Sixth 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:

	EXM			NYSE				Total
Trading	Number of common shares purchased	Average price per share	Consideration excluding fees	Number of common shares purchased	Average price per share	Consideration excluding fees	Consideration excluding fees	Number of common shares purchased	Average price per share	Consideration excluding fees
Date		excluding fees			excluding fees				excluding fees
(d/m/y)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
13/02/2025	1,267	466.4751	591,023.90	-	-	-	-	1,267	466.4751	591,023.90
14/02/2025	3,722	475.0301	1,768,062.10	3,972	503.4894	1,999,859.90	1,908,627.50	7,694	477.8645	3,676,689.60
	4,989	472.8575	2,359,086.00	3,972	503.4894	1,999,859.90	1,908,627.50	8,961	476.2542	4,267,713.50
Total

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
        
Since the announcement of such Sixth Tranche till February 14, 2025, the total invested consideration has been:

• Euro 112,604,937.80 for No. 270,071 common shares purchased on the EXM
• USD 12,969,157.54 (Euro 12,378,257.90*) for No. 28,992 common shares purchased on the NYSE.

As of February 14, 2025, the Company held in treasury No. 15,067,471 common shares equal to 5.86% 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 February 14, 2025, the Company has purchased a total of 4,244,707 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,297,719,651.74.

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 Relations
tel.: +39 0536 949337
Email: media@ferrari.com

Attachment

• FNV BB PR 17 February 2025 ENG

FAQ

How much has Ferrari (RACE) spent on its current buyback program as of February 14, 2025?

Ferrari has spent approximately €112.6 million on EXM and €12.4 million on NYSE under the current sixth tranche of the buyback program.

What is the total value of Ferrari's (RACE) multi-year share buyback program announced at 2022 Capital Markets Day?

The multi-year share buyback program announced at the 2022 Capital Markets Day has a total value of approximately Euro 2 billion, expected to be executed by 2026.

How many treasury shares does Ferrari (RACE) hold as of February 14, 2025?

As of February 14, 2025, Ferrari holds 15,067,471 common shares in treasury, representing 5.86% of the total issued share capital.

What is the total number of shares Ferrari (RACE) has purchased since July 1, 2022?

Since July 1, 2022, Ferrari has purchased a total of 4,244,707 common shares on EXM and NYSE for a total consideration of Euro 1,297,719,651.74.

What is the value of Ferrari's (RACE) current sixth tranche buyback program announced in December 2024?

The sixth tranche of Ferrari's buyback program, announced on December 5, 2024, has a value of Euro 150 million.