Ferrari N.V.: Completion of the second tranche of the disclosed multi-year share repurchase program and announcement of the t...
November 14 2019 - 7:18AM
Maranello (Italy), 14 November
2019 – Ferrari N.V. (NYSE/MTA: RACE)
(“Ferrari” or the “Company”)
announces that under the multi-year common share repurchase program
announced on 28 December 2018 (the “Program”), the
Company has purchased additional common shares in respect of the
second tranche of the Program - reported in aggregate form, on a
daily basis - as follows:
TradingDate(dd/mm/yyyy) |
Stock
Exchange |
Number of common shares
purchased |
Average price per
shareexcluding
fees |
Consideration
excluding
fees ($) |
Consideration
excluding
fees (€)* |
07/11/2019 |
NYSE |
11,000 |
165.6008 |
1,821,608.80 |
1,644,496.52 |
08/11/2019 |
NYSE |
8,200 |
165.1092 |
1,353,895.44 |
1,227,021.42 |
11/11/2019 |
NYSE |
3,100 |
164.2738 |
509,248.78 |
461,234.29 |
12/11/2019 |
NYSE |
1,450 |
164.8222 |
238,992.19 |
216,969.76 |
Total |
- |
23,750 |
165.2103 |
3,923,745.21 |
3,549,722.00 |
Since the announcement of the second tranche (1
July 2019) till 12 November 2019, the total invested consideration
has been:
- Euro 149,999,949.15 for No. 1,063,109 common shares purchased
on the MTA;
- USD 55,180,198.75 (Euro 49,993,735.50*) for No. 357,464 common
shares purchased on the NYSE;
resulting in total No. 8,397,607 common shares
held in treasury as of 12 November 2019. As of the same date, the
Company held 3.26% 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 share repurchase 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).
With the purchases described above the Company
has completed the second tranche of its Program announced on 1 July
2019.
The Company intends to continue its already
disclosed multi-year share repurchase program with a third tranche
of up to Euro 200 million to start on 15 November 2019
(“Third Tranche”) and to end no later than 24 June
2020 of which Euro 150 million to be executed on the MTA market
under a non-discretionary share repurchase agreement with a primary
financial institution and up to Euro 50 million to be executed on
the NYSE under an additional mandate with a primary financial
institution.
- FNV Buyback Purchases PR 14.11.2019 (ENG)
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