Ferrari N.V.: periodic report on the buyback program
March 23 2020 - 4:14PM
Maranello (Italy), 23 March
2020 – Ferrari N.V. (NYSE/MTA: RACE)
(“Ferrari” or the “Company”)
informs that the Company has purchased, under the third tranche of
the common share buyback program announced on 14 November 2019
(“Third Tranche”), 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(€) |
|
16/03/2020 |
MTA |
11,847 |
117.3684 |
1,390,463.06 |
|
Total |
- |
11,847 |
117.3684 |
1,390,463.06 |
Since the announcement of the Third Tranche of
the buyback program dated 14 November 2019 till 20 March 2020, the
total invested consideration has been:
- Euro 123,433,836.36 for No. 852,091 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.
Under the the Company’s equity incentive plans,
on 16 March 2020 the Company assigned, inter alia, to certain
employees of Ferrari Group No. 366,199 common shares held in
treasury. On 17 March 2020, as already announced by the Company in
the press release of 19 March 2020, Ferrari purchased No. 82,149
common shares from a group of those employees in order to cover the
individual's taxable income as is standard practice (Sell to Cover)
in an over-the-counter transaction executed at the price of Euro
122 per share equal to the Reference Price of MTA-Borsa Italiana of
the previous day.
As of 20 March 2020, the Company held in
treasury No. 9,151,365 common shares equal to 3.56% of the total
issued share capital including the common shares and the special
voting shares.
To date, since 1 January 2019, the Company has
purchased a total of 3,702,941 own common shares on MTA and NYSE
for a total consideration of Euro 500,342,692.87.
(*) 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 23.03.2020 (ENG) - FINAL
Ferrari NV (NYSE:RACE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ferrari NV (NYSE:RACE)
Historical Stock Chart
From Apr 2023 to Apr 2024
