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

RACE

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


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