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Ferrari N.v.: Completion of the Seventh Tranche of the Multi-Year Share Repurchase Program

1. Ferrari purchased 666,666 shares for 299.99 million Euro. 2. This is part of a 2 billion Euro buyback program. 3. Ferrari now holds 15.79 million shares in treasury. 4. Total buybacks since July 2022 reach 4.96 million shares. 5. Buyback program may increase shareholder value and stock price.

Shares Buyback
-1.82%Current Return
VS
-1.23%S&P 500
$450.7403/07 10:30 AM EDTEvent Start
$442.5303/10 11:29 AM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks typically improve share value by reducing supply. Historical instances show that similar buyback initiatives have led to positive market responses.

How important is it?

The buyback reflects positive cash flow and management's confidence, likely attracting investors. It also enhances earnings per share due to reduced share count.

Why Short Term?

Immediate impact expected through market reaction to the buyback announcement. Previous buyback news often fetches swift price adjustments.

Related Companies

EXORRACE
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 (https://www.ferrari.com/en-EN/corporate/buyback-programs). FNV - BuyBack PR March 7 2025 ENG Final

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