Ferrari N.v.: Periodic Report on the Buyback Program
May 24 2021 - 12:21PM
Maranello (Italy), May 24, 2021
– Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the
“Company”) informs that the Company has purchased,
under the fourth tranche of the common share buyback program
announced on March 11, 2021 (“Fourth Tranche”),
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(€) |
17/05/2021 |
MTA |
3,902 |
163.6792 |
638,676.24 |
19/05/2021 |
MTA |
14,874 |
164.8237 |
2,451,587.71 |
Total |
- |
18,776 |
164.5859 |
3,090,263.95 |
Since the announcement of the Fourth Tranche of
the buyback program dated March 11, 2021 till May 21, 2021, the
total invested consideration has
been:•
Euro 54,668,358.03 for No. 319,908 common shares purchased on the
MTA.•
USD 5,352,663.30 (Euro 4,453,498.17*) for No. 26,285 common shares
purchased on the NYSE
As of May 21, 2021, the Company held in treasury
No. 9,258,704 common shares equal to 3.60% 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.
Since January 1, 2019 until May 21, 2021, the
Company has purchased a total of 4,073,378 own common shares on MTA
and NYSE for a total consideration of Euro 562,544,089.36.
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
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