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News  ›  GlobeNewswire Inc.

FERRARI N.V.: COMPLETION OF THE MULTI-YEAR SHARE BUYBACK PROGRAM ANNOUNCED IN 2022 AND ANNOUNCEMENT OF THE FIRST TRANCHE OF THE NEW MULTI-YEAR SHARE BUYBACK PROGRAM

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Ferrari N.V.
FERRARI N.V.: COMPLETION OF THE MULTI-YEAR SHARE BUYBACK PROGRAM ANNOUNCED IN 2022 AND ANNOUNCEMENT OF THE FIRST TRANCHE OF THE NEW MULTI-YEAR SHARE BUYBACK PROGRAM

Ferrari completed its €2 billion share buyback program a year ahead of schedule, purchasing 5,981,331 common shares. The company announced a new multi-year share buyback program of approximately €3.5 billion to be executed by 2030, with the first tranche of €250 million starting in January 2026.

Insights
JPM   neutral

Serving as a joint book-running manager for the offering, which is a standard investment banking service


RACE   positive

The company successfully completed its previous share buyback program ahead of schedule and announced an ambitious new program, demonstrating financial strength and strategic planning for future capital allocation