Ferrari N.V.: Termination of the third tranche of the disclosed multi-year share repurchase program

Fecha : 01/04/2020 @ 15:48
Fuente : GlobeNewswire Inc.
Emisora : Ferrari (RACE)
Cotización : 154.7  0.2 (0.13%) @ 10:35
Ferrari Cotización de acciones Gráfica

Ferrari N.V.: Termination of the third tranche of the disclosed multi-year share repurchase program

Ferrari (BIT:RACE)
Gráfica de Acción Histórica


De Ene 2020 a Jul 2020

Haga Click aquí para más Gráficas Ferrari.

Maranello (Italy), 01 April 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   (€) 
30/03/2020MTA5,566137.5072765,364.95
 Total  -5,566137.5072765,364.95

           

Since the announcement of the Third Tranche of the buyback program dated 14 November 2019 till 30 March 2020, the total invested consideration has been:

  • Euro 126,513,376.65 for No. 876,335 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. 9,175,609 common shares held in treasury as of 30 March 2020. As of the same date, the Company held 3.57% 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 3,727,185 own common shares on MTA and NYSE for a total consideration of Euro 503,422,233.16.

As of 30 March 2020 the Company also elected to temporarily suspend its multi-year share repurchase program in its Third Tranche and, consequently, early terminated the Euro 150 million non-discretionary share repurchase agreement in place with a primary financial institution on the MTA market. The Company will announce when it will restart its multi-year share repurchase program.

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase

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).

Attachment

  • FNV Buyback Purchases PR 01.04.2020 (ENG)

Su Consulta Reciente
BMV
FIBRAPL14
Fibra Prol..
BMV
AMXL
América Mó..
BMV
ME
IPC México
BMV
ALSEA*
Alsea
FX
USDMXN
United Sta..
Las acciones que ha visto aparecerán en este recuadro, lo que le permite volver fácilmente a las cotizaciones que ha consultado previamente
Registrarse ahora para crear su lista personalizada de acciones en streaming.

Cotizaciones PLUS están en tiempo real. Cotizaciones NYSE y AMEX están con retraso de por lo menos 20 minutos.
El resto de las cotizaciones están con retraso de por lo menos 15 minutos al menos que se indique lo contrario.

Al acceder a los servicios disponibles de ADVFN usted acepta quedar sujerto a los Términos y Condiciones

P: V:mx D:20200710 04:48:02