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Ferrari N.V. (NYSE/EXM: RACE) said it has purchased additional common shares as the second tranche of its multi-year share buyback program, following the Euro 250 million authorization announced on April 10, 2026. The program is expected to total approximately Euro 3.5 billion and is scheduled to be executed by 2030, consistent with disclosures made during the company’s 2025 Capital Markets Day.
From the announcement of the second tranche through May 8, 2026, Ferrari reported the following purchases:
*Euro amount reported in aggregate form.
As of May 8, 2026, Ferrari held 17,634,681 common shares in treasury, net of shares assigned under the company’s equity incentive plan. This represented 9.09% of the then total issued common shares. Including special voting shares, the company held 9.45% of the then total issued share capital.
Ferrari noted that the cancellation of treasury shares, approved by the Annual General Meeting of Shareholders on April 15, 2026, had not yet been effectuated and therefore was not included in these calculations.
Since January 5, 2026, the start date of the multi-year share buyback program of approximately Euro 3.5 billion, through May 8, 2026, Ferrari purchased a total of 1,100,455 own common shares on EXM and NYSE, including transactions for “Sell to Cover.” Total consideration for the period was Euro 324,595,751.34.
Ferrari said a comprehensive overview of transactions under the buyback program, along with details of the purchases referenced above, is available on the company’s corporate website under the “Buyback Programs” section.
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