Ferrari n.v. to commence a euro 150 million first tranche of its new multi-year share buyback program of approximately euro 2 billion

Maranello (italy), june 30, 2022 – ferrari n.v. (nyse/exm: race) (“ferrari” or the “company”) announces that it intends to commence a euro 150 million share buyback program, as the initial tranche of the new multi-year share buyback program of approximately euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 capital markets day (the “first tranche”). the first tranche will start on july 1, 2022 and will end no later than november 30, 2022. the first tranche will be funded through the company's available cash and common shares repurchased under the first tranche may be used to meet the obligations arising from the company's equity incentive plan.
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