BuybackJul 6, 2026, 10:24 AM
Ferrari Updates on €250M Buyback; Buys 15,638 Shares in 2 days
AI Summary
Ferrari N.V. provided an update on its €250 million share buyback program, which is the second tranche of a larger €3.5 billion multi-year program. Between June 29-30, 2026, the company purchased 15,638 common shares on the NYSE for a total consideration of $5,799,379.81 (€5,087,084.37). As of July 3, 2026, Ferrari held 18,006,969 common shares in treasury, representing 9.29% of total issued common shares. Since January 5, 2026, the company has purchased a total of 1,472,743 own common shares for €433,925,302.76.
Key Highlights
- Ferrari purchased 15,638 common shares on NYSE from June 29-30, 2026.
- Total consideration for these purchases was $5,799,379.81 (€5,087,084.37).
- Since the second tranche announcement, €137.9M was invested for 468,979 shares on EXM.
- Additionally, €35.2M was invested for 118,319 shares on NYSE for the second tranche.
- As of July 3, 2026, Ferrari held 18,006,969 common shares (9.29%) in treasury.
- Total multi-year buyback since Jan 5, 2026: 1,472,743 shares for €433,925,302.76.
- The buyback is part of a €3.5 billion multi-year program expected by 2030.
Price Impact
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