Maranello (Italy), September 16, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth tranche of the 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 “Fifth Tranche”), the additional common shares – reported in aggregate form, on a daily basis – on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows:
Ferrari’s Share Buyback Program
Fifth Tranche Purchase
It’s always exciting news when a company like Ferrari announces a significant investment in their own shares. The purchase of additional common shares as part of the fifth tranche of their share buyback program shows confidence in the company’s future performance and a commitment to returning value to shareholders.
Impact on Individuals
For individual investors, especially those who hold Ferrari stock, this buyback program could potentially lead to an increase in the value of their shares. By reducing the number of outstanding shares, Ferrari is effectively increasing the ownership stake of existing shareholders, which could result in a boost to the stock price.
Impact on the World
On a larger scale, Ferrari’s share buyback program can have ripple effects in the financial markets and the global economy. As one of the most iconic luxury brands in the world, Ferrari’s actions are closely watched by investors and industry experts. A successful share buyback program could enhance the company’s reputation and attract more investors, ultimately contributing to the overall strength of the automotive sector.
Conclusion
Overall, Ferrari’s decision to continue with their share buyback program is a positive sign for both individual investors and the global market. By demonstrating confidence in their own stock and long-term prospects, Ferrari is sending a strong message about their commitment to creating value for shareholders and maintaining a solid position in the automotive industry.
