Ferrari N.V.: periodic report on the buyback program
March 30 2020 - 6:47AM
Maranello (Italy), 30 March 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(€) |
23/03/2020 |
MTA |
18,678 |
123.8985 |
2,314,175.34 |
Total |
- |
18,678 |
123.8985 |
2,314,175.34 |
Since the announcement of the Third Tranche of
the buyback program dated 14 November 2019 till 27 March 2020, the
total invested consideration has been:
- Euro 125,748,011.70 for No. 870,769 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. 9,170,043 common shares
held in treasury as of 27 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.
To date, since 1 January 2019, the Company has
purchased a total of 3,721,619 own common shares on MTA and NYSE
for a total consideration of Euro 502,656,868.21.
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 30.03.2020 (ENG) Final
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