Ferrari N.V.: periodic report on the buyback program
January 20 2020 - 11:22AM
Ferrari N.V. (NYSE/MTA: RACE) 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(€) |
13/01/2020 |
MTA |
3,350 |
155.1619 |
519,792.25 |
14/01/2020 |
MTA |
8,037 |
156.2032 |
1,255,405.20 |
15/01/2020 |
MTA |
15,238 |
155.1217 |
2,363,744.40 |
16/01/2020 |
MTA |
4,055 |
154.0006 |
624,472.35 |
17/01/2020 |
MTA |
1 |
155.3000 |
155.30 |
Total |
- |
30,681 |
155.2612 |
4,763,569.50 |
Since the announcement of the Third Tranche of
the buyback program dated 14 November 2019 till 17 January 2020,
the total invested consideration has been:
- Euro 43,195,458.49 for No. 286,259 common shares purchased on
the MTA
- USD 2,945,229.74 (Euro 2,650,730.37*) for No. 17,613 common
shares purchased on the NYSE
resulting in total No. 8,701,479 common shares
held in treasury as of 17 January 2020. As of the same date, the
Company held 3.38% 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 2,969,005 own common
shares on MTA and NYSE for a total consideration of Euro
395,446,678.75.
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 20.01.2020 (ENG)
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