Ferrari (IT:RACE) has released an update.
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Ferrari N.V. has continued its multi-year share buyback program, reaching a total investment of approximately €61 million for 157,450 common shares on the Euronext Milan and around €645 thousand for 1,627 shares on the NYSE since the program’s last tranche was announced. As of late July 2024, the luxury car manufacturer holds over 14 million treasury shares, representing 5.57% of their total issued capital. This move is part of a larger €2 billion buyback plan set to conclude by 2026, reflecting the company’s ongoing commitment to enhancing shareholder value.
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