FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Rhea-AI Summary
Ferrari N.V. (NYSE/EXM: RACE) has reported its latest share buyback activities under the €250 million program announced on June 28, 2024. This represents the fifth tranche of their €2 billion multi-year buyback program expected to run through 2026. From October 28 to November 1, 2024, Ferrari purchased 18,300 common shares on the Euronext Milan (EXM) at an average price of €446.5533, totaling €8,171,925.21.
As of November 1, 2024, the total invested consideration since the fifth tranche announcement includes €171,825,124.84 for 416,350 shares on EXM and $45,452,667.64 for 97,673 shares on NYSE. The company now holds 14,678,349 treasury shares, representing 5.71% of total issued share capital.
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News Market Reaction – RACE
In the trading session that priced this news, RACE declined 0.15%, reflecting a mild negative market reaction.
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Maranello (Italy), November 4, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the
Trading Date (dd/mm/yyyy) | Stock Exchange | Number of common shares purchased | Average price per share excluding fees (€) | Consideration excluding fees (€) |
| 28/10/2024 | EXM | 3,600 | 452.7015 | 1,629,725.40 |
| 29/10/2024 | EXM | 3,600 | 452.9684 | 1,630,686.24 |
| 30/10/2024 | EXM | 3,700 | 445.1321 | 1,646,988.77 |
| 31/10/2024 | EXM | 3,700 | 440.1004 | 1,628,371.48 |
| 01/11/2024 | EXM | 3,700 | 442.2036 | 1,636,153.32 |
| Total | - | 18,300 | 446.5533 | 8,171,925.21 |
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Fifth Tranche till November 1, 2024, the total invested consideration has been:
Euro 171,825,124.84 for No. 416,350 common shares purchased on the EXM- USD 45,452,667.64 (
Euro 41,004,362.64 *) for No. 97,673 common shares purchased on the NYSE.
As of November 1, 2024, the Company held in treasury No. 14,678,349 common shares equal to
Since the start of the multi-year share buyback program of approximately
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
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