Ferrari(US:RACE) Globenewswire·2025-12-16 20:31Group 1 - Ferrari has completed the Eighth Tranche of its share buyback program, purchasing a total of 15,399 common shares for a total consideration of approximately Euro 5.66 million [1][2] - The total consideration for the Eighth Tranche was Euro 2,002.57 million, with 5,981,331 shares repurchased from July 1, 2022, to December 15, 2025 [2] - The company plans to initiate a new multi-year share buyback program of approximately Euro 3.5 billion, expected to be executed by 2030, with the first tranche starting on January 5, 2026 [3][4] Group 2 - The First Tranche of the new buyback program will be funded through available cash and may include shares repurchased to meet obligations from the equity incentive plan [4] - Ferrari has entered into a non-discretionary buyback agreement for up to Euro 200 million on the EXM market, allowing purchases during closed periods [5] - An additional mandate for up to Euro 50 million will be executed on the NYSE, with purchase timing and amounts depending on market conditions [7] Group 3 - The First Tranche implements a resolution from the Shareholders' Meeting held on April 16, 2025, authorizing the purchase of up to 10% of the company's common shares until October 15, 2026 [8] - Currently, the company holds 16,644,606 common shares in treasury, representing 8.58% of total issued common shares [9] - A comprehensive overview of the buyback transactions is available on Ferrari's corporate website [10]