Ferrari N.V.: periodic report on the buyback program
June 03, 2019: 12:24 PM ET
Maranello (Italy), 3 June 2019 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the common share buyback program announced on 28 December 2018 (the “Initial Program”), the Company has purchased additional common shares - reported in aggregate form, on daily basis - on the Italian Stock Exchange (MTA) and on the New York Stock Exchange (NYSE) as follows:
MTA
NYSE
Total
Trading Date (d/m/y)
Number of common shares purchased
Average price per share excluding fees (€)
Consideration excluding fees
(€)
Number of common shares purchased
Average price per share excluding fees ($)
Consideration excluding fees
($)
Consideration excluding fees
(€)*
Number of common shares purchased
Average price per share excluding fees (€)*
Consideration excluding fees
(€)*
27/05/2019
7,000
128.0063
896,044.10
7,000
128.0063
896,044.10
28/05/2019
6,118
127.6587
781,015.93
18,634
144.8620
2,699,358.51
2,411,864.29
24,752
128.9948
3,192,880.21
29/05/2019
10,798
127.6180
1,378,019.16
23,306
142.4843
3,320,739.10
2,976,639.56
34,104
127.6876
4,354,658.73
30/05/2019
6,131
127.8130
783,621.50
12,900
142.6497
1,840,181.13
1,652,758.33
19,031
128.0216
2,436,379.84
31/05/2019
9,919
126.1830
1,251,609.18
29,999
142.9539
4,288,474.05
3,845,820.15
39,918
127.6975
5,097,429.32
Total
39,966
127.3660
5,090,309.87
84,839
143.1977
12,148,752.78
10,887,082.33
124,805
128.0188
15,977,392.20
Since the announcement of the buyback program dated 28 December 2018 till 31 May 2019, the total invested consideration has been:
Euro 82,908,708.90 for No. 747,569 common shares purchased on the MTA
USD 19,386,497.25 (Euro 17,369,091.91*) for No. 135,459 common shares purchased on the NYSE
resulting in total No. 6,632,610 common shares held in treasury as of 31 May 2019. As of the same date, the Company held 2.58% 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.
(*) 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).