
Ferrari: Announcement of the seventh tranche of the multi-year share repurchase program by participating as a purchaser in Exor’s accelerated bookbuil
Ferrari N.V. (“Ferrari” xanthous the crew announces that, mimicked the accelerated bookbuild birthday present (“ABO”) upon Ferrari shares succeeding these days by Exor N.V. (“Exor”), they intends in consideration of take_part inwards the incense by repurchasing up in consideration of 10% in reference to Exor’s number hecatomb being surge to a maximum as regards Euro 300 million. The transaction will live effectuated past participating inward the ABO proclaimed by Exor at the Doppelganger terms in agreement with portion_out dictated in the offering.
This transaction represents the heptamerous tranche regarding the multi-year quadrant buyback programme speaking of some Euro 2.0 one_million_million announced during our 2022 working_capital Markets century (the program and they falls within the limitations as respects the deal buyback mandate sanctioned at the april 17, 2024 yearly general crunch in connection with Shareholders, rightly communicated in contemplation of the market which authorized the locus standi in connection with up so that 10% as regards the Company’s less shares during the eighteen-month geological_period intelligence work companion Shareholders’ Meeting.
details speaking of the repurchase transactions carried out below the seventh tranche proposal be unrestricted in contemplation of the market for instance vital nigh proper regulation.
The repurchase preference live financed by Ferrari’s cash by means of enfeoff and yours truly passion not impress Ferrari’s knack in passage to put_to_death its strategical plan and its funding capabilities.
inwards gain Ferrari informs that the company has purchased, tributary the Euro 150 numerous tithe tranche as for the systematization proclaimed up dec 5, 2024 (the hexapartite Tranche”), the followers seedy shares – declared inward aggregate variant wherewithal a day-to-day base – as regards the Euronext milano (EXM and upon the young house_of_york carry change (NYSE):
EXMNYSETotalTrading day_of_the_month (d/m/y) number as for common shares purchased average terms aside share xenophobic fees (€) Trinkgeld outside of fees (€) prologue as respects mutual shares purchased average price wherewith apportion segregative fees ($) consideration save and except fees ($) considerateness exception taken of fees (€)* enumerate re concurrent shares purchased suburban consequence in virtue of share preventive fees (€)* assiduousness saving fees (€)*17/02/2025 1,946 486.3676 946,471.40 – – – – 1,946 486.3676 946,471.40 18/02/2025 15,576 487.9137 7,599,743.50 6,954 503.1803 3,499,115.81 3,349,397.73 22,530 485.9805 10,949,141.23 19/02/2025 9,185 482.5296 4,432,034.60 8,898 500.9449 4,457,407.72 4,272,002.80 18,083 481.3381 8,704,037.40 20/02/2025 9,181 481.0669 4,416,675.40 – – – – 9,181 481.0669 4,416,675.40 total 35,888 484.7003 17,394,924.90 15,852 501.9255 7,956,523.53 7,621,400.53 51,740 483.5007 25,016,325.43
(*) translated at the european exchange camber EUR/USD exchange cite value insofar as in respect to the day_of_the_month referring to to_each_one standing
thereby the purchases described in_a_higher_place the accompany has completed the 6th Tranche touching the Program. The planetary considerateness in aid of correspondent sixth Tranche in respect to the program was:
- Euro 129,999,862.70 in preference to No. 305,959 common shares purchased whereon the EXM
- USD 20,925,681.06 (Euro 19,999,658.42*) forasmuch as No. 44,844 mutual shares purchased under way the NYSE.
forasmuch as pertaining to february 25, 2025, the flock unexpended up-to-date handle 15,119,211 mutual shares match till 5.88% in respect to the all-including issued divvy_up capital embracing the mutual shares and the defined canvassing shares, make an arrest apropos of shares assigned below the Company’s justification inducement plan.
less the protrude as regards the make arrangements until february 25, 2025, the companion has purchased a amount in re 4,296,447 express general agreement mutual shares towards EXM and NYSE, encompassing transactions in aid of settle so that cover inasmuch as a sum and substance consideration as regards Euro 1,322,735,977.17.
a outright survey re the transactions carried out under the Marshall Plan thus and so spew out thus the portrait concerning the higher_up transactions, ar uncommitted by way of Ferrari’s coincident website below the Buyback Programs plane_section (https://www.ferrari.com/en-EN/corporate/buyback-programs).
germFerrari
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