Latest news with #EXM
Associated Press
17-03-2025
- Automotive
- Associated Press
Ferrari N.v.: Report on the Share Buyback Related to Granting Share Process
Maranello (Italy), March 17, 2025 – Ferrari N.V. (NYSE/EXM: RACE) ('Ferrari' or the 'Company') informs that on March 13, 2025, in the Ferrari Group employees' granting share process, the Company assigned No. 113,466 common shares held in treasury. On the same day Ferrari purchased at the average price of Euro 414.0109 per share, in a 'cross order' transaction executed on the EXM, No. 47,907 common shares sold by the assignees in order to cover their individual's taxable income as standard practice (Sell to Cover). As of March 14, 2025, the Company held in treasury No. 15,720,318 common shares equal to 8.71% 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 March 14, 2025, the Company has purchased a total of 5,011,020 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,642,569,697.35. ).
Associated Press
07-03-2025
- Automotive
- Associated Press
Ferrari N.v.: Completion of the Seventh Tranche of the Multi-Year Share Repurchase Program
Maranello (Italy), March 7, 2025 – Ferrari N.V. (NYSE/EXM: RACE) ('Ferrari' or the 'Company') informs that, following the accelerated bookbuild offering made by Exor N.V. on February 26, 2025, the Company participated in the offering by purchasing No. 666,666 common shares for a total consideration of 299,999,700 Euro (the 'Transaction'). The Transaction constituted the seventh tranche (the 'Seventh Tranche') of the multi-year share buyback program of approximately Euro 2.0 billion announced during our 2022 Capital Market Day (the 'Program') and it settled on March 3, 2025. As of March 6, 2025, following the completion of the Seventh Tranche, the Company held in treasury No. 15,785,877 common shares equal to 8.73% 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. From the start of the Program, on July 1, 2022, until March 6, 2025, the Company has purchased a total of 4,963,113 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,622,735,677.17. 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 ( ).
