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 €150 million sixth tranche announced on December 5, 2024, part of a larger €2 billion multi-year buyback program expected to run through 2026, the company has made several purchases on the Euronext Milan (EXM).

From January 27-31, 2025, Ferrari purchased 30,967 common shares at an average price of €408.9428, totaling €12,663,732.10. Since the sixth tranche began, the total invested consideration has reached €102,877,593.20 for 247,016 shares on EXM and USD 10,969,297.64 for 25,020 shares on NYSE.

As of January 31, 2025, Ferrari held 15,040,444 treasury shares, representing 5.85% of total issued share capital. Since the multi-year program's start on July 1, 2022, Ferrari has purchased 4,217,680 shares across EXM and NYSE, with a total investment of €1,286,083,679.64.

Maranello (Italy), February 3, 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) as follows:

Trading Date (dd/mm/yyyy)	Stock Exchange	Number of common shares purchased	Average price per share excluding fees (€)	Consideration excluding fees (€)
27/01/2025	EXM	14,757	406.2556	5,995,113.70
28/01/2025	EXM	63	408.6683	25,746.10
29/01/2025	EXM	9,264	412.0328	3,817,072.10
30/01/2025	EXM	5,956	409.9407	2,441,607.00
31/01/2025	EXM	927	414.4479	384,193.20
Total	-	30,967	408.9428	12,663,732.10

(*) 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 January 31, 2025, the total invested consideration has been:

• Euro 102,877,593.20 for No. 247,016 common shares purchased on the EXM
• USD 10,969,297.64 (Euro 10,469,630.39*) for No. 25,020 common shares purchased on the NYSE.

As of January 31, 2025, the Company held in treasury No. 15,040,444 common shares equal to 5.85% 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 January 31, 2025, the Company has purchased a total of 4,217,680 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,286,083,679.64.

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

FAQ

How many shares has Ferrari (RACE) purchased in the latest week of its buyback program?

From January 27-31, 2025, Ferrari purchased 30,967 common shares at an average price of €408.9428, totaling €12,663,732.10.

What is the total value of Ferrari's (RACE) current share buyback program?

The current program is a €150 million sixth tranche, part of a larger €2 billion multi-year share buyback program expected to be executed by 2026.

How many treasury shares does Ferrari (RACE) hold as of January 31, 2025?

As of January 31, 2025, Ferrari held 15,040,444 treasury shares, representing 5.85% of the total issued share capital.

What is the total amount Ferrari (RACE) has spent on buybacks since July 2022?

Since July 1, 2022, Ferrari has invested €1,286,083,679.64 to purchase 4,217,680 shares across EXM and NYSE.

How much has Ferrari (RACE) invested in the sixth tranche of its buyback program so far?

In the sixth tranche, Ferrari has invested €102,877,593.20 for EXM purchases and USD 10,969,297.64 for NYSE purchases.