Document
Exhibit 99.1
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Maranello (Italy), July 17, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on June 27, 2023, as the third 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 “Third 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:
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EXM |
NYSE |
Total |
Trading
Date
(d/m/y) |
Number of
common
shares
purchased
|
Average
price per
share
excluding
fees
(€)
|
Consideration
excluding fees
(€)
|
Number of
common
shares
purchased
|
Average
price per
share
excluding
fees
($)
|
Consideration
excluding fees
($)
|
Consideration
excluding fees
(€)*
|
Number of
common
shares
purchased
|
Average
price per
share
excluding
fees
(€)*
|
Consideration
excluding fees
(€)*
|
| 07/07/2023 |
7,702 |
287.3476 |
2,213,151.30 |
11,070 |
316.1328 |
3,499,590.10 |
3,214,171.65 |
18,772 |
289.1180 |
5,427,322.95 |
| 10/07/2023 |
8,235 |
287.0801 |
2,364,104.60 |
14,130 |
318.2984 |
4,497,556.39 |
4,105,108.06 |
22,365 |
289.2561 |
6,469,212.66 |
| 11/07/2023 |
7,454 |
290.0428 |
2,161,979.10 |
15,713 |
318.1696 |
4,999,398.92 |
4,549,457.57 |
23,167 |
289.6981 |
6,711,436.67 |
| 12/07/2023 |
8,666 |
288.7570 |
2,502,367.80 |
12,412 |
322.2440 |
3,999,692.53 |
3,628,826.46 |
21,078 |
290.8812 |
6,131,194.26 |
| 13/07/2023 |
7,875 |
290.5013 |
2,287,697.50 |
15,422 |
324.1521 |
4,999,073.69 |
4,470,643.61 |
23,297 |
290.0949 |
6,758,341.11 |
| 14/07/2023 |
6,217 |
290.4795 |
1,805,911.20 |
13,688 |
328.7389 |
4,499,778.06 |
4,010,139.97 |
19,905 |
292.1905 |
5,816,051.17 |
| Total |
46,149 |
288.9599 |
13,335,211.50 |
82,435 |
321.4058 |
26,495,089.69 |
23,978,347.33 |
128,584 |
290.1882 |
37,313,558.83 |
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Third Tranche till July 14, 2023, the total invested consideration has been:
•Euro 24,368,256.20 for No. 83,533 common shares purchased on the EXM;
•USD 33,543,449.97 (Euro 30,450,171.05*) for No. 104,723 common shares purchased on the NYSE.
As of July 14, 2023, the Company held in treasury No. 12,793,491 common shares equal to 4.98% 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.
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Ferrari N.V.
Amsterdam, The Netherlands |
Registered Office:
Via Abetone Inferiore N. 4,
I – 41053 Maranello (MO) Italy |
Dutch trade registration number:
64060977 |
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Since July 1, 2022 until July 14, 2023, the Company has purchased a total of 1,819,904 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 413,992,165.66.
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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