Ferrari (IT:RACE) has released an update.
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Ferrari N.V. has reported the purchase of shares under a Euro 250 million share buyback program, which is part of a larger Euro 2 billion buyback plan set to conclude by 2026. As of September 9, 2024, the company has acquired 215,050 shares on the Euronext Milan and 18,841 shares on the New York Stock Exchange, holding a total of 5.60% of its issued share capital in treasury. The buyback initiative is in alignment with the strategy disclosed at the 2022 Capital Markets Day, with a comprehensive transaction overview available on Ferrari’s website.
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