BuybackJul 13, 2026, 06:39 AM
Ferrari Continues Buyback, Invests €147.1M for 496,979 Shares
AI Summary
Ferrari N.V. announced further progress on its share buyback program, which is the second tranche of a multi-year €3.5 billion initiative. Since the announcement of this second tranche, the company has invested €147.1 million for 496,979 common shares on Euronext Milan and $40.8 million (€35.2 million) for 118,319 shares on NYSE. As of July 10, 2026, Ferrari held 18,034,969 treasury shares, representing 9.30% of its total issued common shares.
Key Highlights
- Ferrari purchased 28,000 common shares on Euronext Milan on July 8-9, 2026.
- These shares were bought at an average price of €328.45, totaling €9,196,822.80.
- Since the second tranche announcement, €147,122,800.56 was invested for 496,979 shares on EXM.
- An additional $40,797,556.26 (€35,241,239.97) was invested for 118,319 shares on NYSE.
- As of July 10, 2026, Ferrari held 18,034,969 treasury shares, representing 9.30% of common shares.
- Total shares purchased since January 5, 2026, is 1,500,743 for €443,122,125.56.
- The buyback is part of a €250 million program, a tranche of a €3.5 billion multi-year buyback.
Price Impact
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