0001648416-22-000124.txt : 20220630 0001648416-22-000124.hdr.sgml : 20220630 20220630135159 ACCESSION NUMBER: 0001648416-22-000124 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20221130 FILED AS OF DATE: 20220630 DATE AS OF CHANGE: 20220630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ferrari N.V. CENTRAL INDEX KEY: 0001648416 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 000000000 STATE OF INCORPORATION: P7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37596 FILM NUMBER: 221057415 BUSINESS ADDRESS: STREET 1: VIA ABETONE INFERIORE N. 4 CITY: MARANELLO STATE: L6 ZIP: I-41053 BUSINESS PHONE: 00390536949111 MAIL ADDRESS: STREET 1: VIA ABETONE INFERIORE N. 4 CITY: MARANELLO STATE: L6 ZIP: I-41053 FORMER COMPANY: FORMER CONFORMED NAME: NEW BUSINESS NETHERLANDS N.V. DATE OF NAME CHANGE: 20150717 6-K 1 fnvbbrestrt30622pr6kcov.htm 6-K Document



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________
FORM 6-K
_______________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2022
Commission File No. 001-37596
_______________________________
FERRARI N.V.
(Translation of Registrant’s Name Into English)

_______________________________
Via Abetone Inferiore n.4
I-41053 Maranello (MO)
Italy
Tel. No.: +39 0536 949111
(Address of Principal Executive Offices)
_______________________________

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)(7): o
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g32(b): N/A




    




The following exhibit is furnished herewith:
Exhibit 99.1    Press release issued by Ferrari N.V. dated June 30, 2022.







SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: June 30, 2022FERRARI N.V.
By: /s/ Antonio Picca Piccon
Name:Antonio Picca Piccon
Title:Chief Financial Officer





Index of Exhibits
Exhibit
Number    Description of Exhibit

99.1        Press release issued by Ferrari N.V. dated June 30, 2022.


EX-99.1 2 fnvbbrestrt30622pr6kex.htm EX-99.1 Document


Exhibit 99.1



FERRARI N.V. TO COMMENCE A EURO 150 MILLION FIRST TRANCHE OF ITS NEW MULTI-YEAR SHARE BUYBACK PROGRAM OF APPROXIMATELY EURO 2 BILLION




Maranello (Italy), June 30, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces that it intends to commence a Euro 150 million share buyback program, as the initial tranche of the new 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 “First Tranche”). The First Tranche will start on July 1, 2022 and will end no later than November 30, 2022. The First Tranche will be funded through the Company’s available cash and common shares repurchased under the First Tranche may be used to meet the obligations arising from the Company’s equity incentive plan.

The First Tranche has two components.

Firstly, Ferrari has entered into a non-discretionary buyback agreement for an amount equivalent to Euro 120 million to be executed on the EXM market through a primary financial institution (the “Bank”). The Bank will make its trading decisions concerning the timing of the purchases of Ferrari’s common shares independently of and uninfluenced by Ferrari and it will act in compliance with applicable rules and regulations as well as in accordance with the provisions of the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (the “Regulations”). Under this agreement purchases may continue during any closed periods of Ferrari in accordance with the Regulations.

Secondly, Ferrari intends to enter into an additional mandate with a primary financial institution for up to Euro 30 million to be executed on the NYSE. Pursuant to such mandate Ferrari would provide the financial institution with purchase instructions from time to time in compliance with applicable rules, regulations and legal requirements. The actual timing, number and value of common shares repurchased on the NYSE will depend on a number of factors, including market and general business conditions.

The First Tranche implements the resolution adopted by the Shareholders’ Meeting (held on April 13, 2022) and duly communicated to the market, which authorized the purchase of up to 10% of the Company’s common shares during the eighteen-month period following such Shareholders’ Meeting. The repurchase authority will expire on October 12, 2023 or until such authority is extended or renewed before such date.







Ferrari N.V.
Amsterdam, The Netherlands






Registered Office:
Via Abetone Inferiore N. 4,
I – 41053 Maranello (MO) Italy






Dutch trade registration number:
64060977
corporateweb.jpg







Details of the repurchase transactions carried out under the First Tranche shall be disclosed to the market as required by applicable regulation.

The Company currently holds No. 11,065,110 common shares in treasury.

The First Tranche replaces any previous common shares buyback program.



About Ferrari
Ferrari is among the world’s leading luxury brands focused on the design, engineering, production and sale of the world’s most recognizable luxury performance sports cars. Ferrari brand symbolizes exclusivity, innovation, state-of-the-art sporting performance and Italian design. Its history and the image enjoyed by its cars are closely associated with its Formula 1 racing team, Scuderia Ferrari, the most successful team in Formula 1 history. From the inaugural year of Formula 1 World Championship in 1950 through the present, Scuderia Ferrari has won 240 Grand Prix races, 16 Constructors’ World titles and 15 Drivers’ World titles. Ferrari designs, engineers and produces its cars in Maranello, Italy, and sells them in over 60 markets worldwide.

Forward Looking Statements
This document contains forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “continue”, “on track”, “successful”, “grow”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, “guidance” and similar expressions. Forward-looking statements are not guarantees of future performance. Rather, they are based on the Ferrari Group’s (hereinafter, the “Group”) current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors described in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations of the Group” in the Company’s annual and quarterly reports filed with the U.S. Securities and Exchange Commission, which are available on Ferrari’s website (https://www.ferrari.com/en-EN/corporate).
Any forward-looking statements contained in this document speak only as of the date of this document and the Company does not undertake any obligation to update or revise publicly forward-looking statements. Further information concerning the Group and its businesses, including factors that could materially affect the Company’s financial results, is included in the Company’s reports and filings with the U.S. Securities and Exchange Commission, the AFM and CONSOB.



For further information:
Media Relations
tel.: +39 0536 949337
Email: media@ferrari.com
2
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