Home Business Ferrari to Commence a €150-M 1st Tranche of the New Multi-year Share...

Ferrari to Commence a €150-M 1st Tranche of the New Multi-year Share Buyback Program of €2-B

#Ferrari #share #buyback


  • Ferrari N.V. (NYSE:RACE) intends to commence a €150-M share buyback program, as the initial tranche of the new multi-year share buyback program of approximately €2-B expected to be executed by Y 2026.
  • The 1st tranche started on July 1, 2022 and will end no later than November 30, 2022. It will be funded through the company’s available cash.
  • Repurchased shares may be used to meet the obligations arising from the company’s equity incentive plan.
  • An amount equivalent to €120-M to be executed on the EXM market through a primary financial institution and €30-M to be executed on the NYSE.
  • The company currently holds No. 11,065,110 common shares in treasury.
  • The 1st tranche replaces any previous common shares buyback program.

Have a prosperous week, Keep the Faith!

#Ferrari, #share, #buyback,

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.