Ferrari N.V.: periodic report on the buyback program
21 October 2019 - 10:21PM
Maranello (Italy), 21 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:
Trading Date (dd/mm/yyyy)
|
Stock Exchange |
Number of common shares purchased |
Average price per share excluding fees
|
Consideration excluding fees
($)
|
Consideration excluding fees
(€)*
|
15/10/2019 |
NYSE |
6,000 |
156.6261 |
939,756.60 |
853,780.87 |
16/10/2019 |
NYSE |
12,000 |
160.1066 |
1,921,279.32 |
1,742,656.98 |
17/10/2019 |
NYSE |
12,000 |
158.2795 |
1,899,354.00 |
1,709,128.05 |
18/10/2019 |
NYSE |
18,000 |
155.9642 |
2,807,355.60 |
2,519,163.32 |
Total |
- |
48,000 |
157.6614 |
7,567,745.52 |
6,824,729.21 |
Since the announcement of the Second Tranche of
the buyback program dated 1 July 2019 till 18 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 43,141,531.74 (Euro
39,151,393.72*) for No. 281,385 common shares purchased on the
NYSE
resulting in total No. 8,321,528 common shares
held in treasury as of 18 October 2019. As of the same date, the
Company held 3.23% 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.
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 21.10.2019 (ENG)
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