Ferrari N.V.: periodic report on the buyback program
16 Marzo 2020 - 6:10AM
Maranello (Italy), 16 March
2020 – Ferrari N.V. (NYSE/MTA: RACE)
(“Ferrari” or the “Company”)
announces that under the third tranche of the common share buyback
program announced on 14 November 2019 (“Third
Tranche”), the Company has purchased additional common
shares - reported in aggregate form, on a daily basis - on the
Italian Stock Exchange (MTA) as follows:
|
TradingDate(dd/mm/yyyy) |
Stock Exchange |
Number of common shares purchased |
Average price per shareexcluding
fees |
Consideration excluding
fees(€) |
|
09/03/2020 |
MTA |
84,137 |
124.5540 |
10,479,596.11 |
|
10/03/2020 |
MTA |
1,096 |
124.9248 |
136,917.60 |
|
12/03/2020 |
MTA |
46,000 |
119.6814 |
5,505,343.71 |
|
13/03/2020 |
MTA |
1,191 |
119.9788 |
142,894.70 |
|
Total |
- |
132,424 |
122.8233 |
16,264,752.12 |
Since the announcement of the Third Tranche of
the buyback program dated 14 November 2019 till 13 March 2020, the
total invested consideration has been:
- Euro 122,043,373.30 for No. 840,244 common shares purchased on
the MTA
- USD 29,985,333.60 (Euro 27,308,366.63*) for No. 185,717 common
shares purchased on the NYSE
resulting in total No. 9,423,568 common shares
held in treasury as of 13 March 2020. As of the same date, the
Company held 3.66% of the total issued share capital including the
common shares and the special voting shares, net of shares assigned
under the Company’s equity incentive plan.To date, since 1 January
2019, the Company has purchased a total of 3,691,094 own common
shares on MTA and NYSE for a total consideration of Euro
498,952,229.81.
A comprehensive overview of the transactions
carried out under the buyback program, as well as the details of
the above transactions, are available on Ferrari’s corporate
website under the Buyback Programs section
(http://corporate.ferrari.com/en/investors/stock-and-shareholder-corner/buyback-programs).
(*) translated at the European Central Bank EUR/USD exchange
reference rate as of the date of each purchase.
- FNV Buyback Purchases PR 16.03.2020 (ENG)
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