Ferrari N.V.: Termination of the third tranche of the disclosed multi-year share repurchase program
April 01 2020 - 4:48PM
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 (€) |
30/03/2020 |
MTA |
5,566 |
137.5072 |
765,364.95 |
Total |
- |
5,566 |
137.5072 |
765,364.95 |
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).
- FNV Buyback Purchases PR 01.04.2020 (ENG)
Ferrari NV (NYSE:RACE)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ferrari NV (NYSE:RACE)
Historical Stock Chart
From Sep 2023 to Sep 2024