EX-99.1 2 fnvbb22724prex.htm EX-99.1 Document


Exhibit 99.1



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





Maranello (Italy), July 22, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth 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 “Fifth 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

(€)


15/07/2024EXM7,000397.92242,785,456.80
16/07/2024EXM7,300390.21122,848,541.76
17/07/2024EXM7,650387.3962,963,579.40
18/07/2024EXM7,500388.47162,913,537.00
19/07/2024EXM7,500385.71282,892,846.00
Total—36,950389.823014,403,960.96

(*) 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 July 19, 2024, the total invested consideration has been:
•Euro 42,214,423.87 for No. 107,950 common shares purchased on the EXM
•USD 699,921.73 (Euro 644,792.02*) for No. 1,627 common shares purchased on the NYSE.

As of July 19, 2024, the Company held in treasury No. 14,275,243 common shares equal to 5.55% 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.










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




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 July 19, 2024, the Company has purchased a total of 3,451,139 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 965,603,288.60.

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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