Ferrari N.V.: periodic report on the buyback program
October 28 2019 - 11:59AM
Maranello (Italy), 28 October 2019 –
Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the
“Company”) announces that under the second tranche of the
common share buyback program announced on 1 July 2019 (“Second
Tranche”), the Company has purchased additional common shares -
reported in aggregate form, on a daily basis - on the New York
Stock Exchange (NYSE) as
follows:
TradingDate(dd/mm/yyyy)
|
Stock Exchange |
Number of common shares purchased |
Average price per shareexcluding fees
|
Consideration excluding
fees ($) |
Consideration excluding
fees (€)* |
21/10/2019 |
NYSE |
11,329 |
156.0592 |
1,767,994.68 |
1,582,381.35 |
23/10/2019 |
NYSE |
13,700 |
152.8842 |
2,094,513.54 |
1,883,047.33 |
24/10/2019 |
NYSE |
5,300 |
155.2126 |
822,626.78 |
739,240.46 |
25/10/2019 |
NYSE |
22,000 |
155.8994 |
3,429,786.80 |
3,087,950.66 |
Total |
- |
52,329 |
155.0750 |
8,114,921.80 |
7,292,619.79 |
Since the announcement of the Second Tranche of
the buyback program dated 1 July 2019 till 25 October 2019, the
total invested consideration has been:
- Euro 149,999,949.15 for No. 1,063,109 common shares purchased
on the MTA (equal to the full amount of the Second Tranche to be
executed on MTA as announced on 1 July 2019)
- USD 51,256,453.54 (Euro 46,444,013.50*) for No. 333,714 common
shares purchased on the NYSE
resulting in total No. 8,373,857 common shares
held in treasury as of 25 October 2019. As of the same date, the
Company held 3.26% 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.
(*) 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).
- FNV Buyback Purchases PR 28.10.2019 (ENG)
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