Ferrari Buys 99,836 Shares for €29.5M, Treasury Hits 8.85%
Ferrari bought 99,836 shares for €29.46M during March 9–13 as part of its €250M first tranche of a €3.5B buyback program, bringing first-tranche spending to €154.6M for 515,474 shares. As of March 13, the company holds 17.16M treasury shares, equal to 8.85% of issued.
1. First Tranche Purchases
Between March 9 and March 13, Ferrari acquired 99,836 common shares for a total of €29.46M under the €250M initial tranche of its multi-year buyback program. Daily purchases on Euronext Milan and the NYSE averaged €295 per share, reflecting continued execution of the repurchase plan.
2. Program-to-Date Expenditure
Since the January 5 launch of the €3.5B buyback initiative, a total of 515,474 shares have been repurchased for €154.6M, including €130.6M for 435,993 shares on Euronext Milan and USD 27.8M for 79,481 shares on the New York Stock Exchange. The company remains positioned to execute the remaining €3.345B over the coming years.
3. Treasury Share Position
As of March 13, Ferrari holds 17,160,080 common shares in treasury, representing 8.85% of issued shares. Including special voting shares, total treasury holdings amount to 9.27% of overall share capital, reducing outstanding float and potentially supporting EPS metrics.