Ferrari (IT:RACE) has released an update.
Ferrari N.V. has actively pursued its Euro 350 million share buyback tranche, part of a larger Euro 2 billion multi-year program set to conclude by 2026. As of May 17, 2024, the luxury carmaker has acquired over 593,000 shares on the Euronext Milan and more than 177,000 shares on the New York Stock Exchange, totaling a significant investment. These buybacks have resulted in Ferrari holding 5.43% of its total issued share capital in treasury, demonstrating the company’s commitment to enhancing shareholder value.
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