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A service for auto industry professionals · Tuesday, June 18, 2019 · 488,390,747 Articles · 3+ Million Readers

Ferrari N.V.: periodic report on the buyback program

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

 

(€)*

 
03/06/2019 8,682  126.4088  1,097,481.20 22,400 142.4702 3,191,332.48 2,853,225.28 31,082 127.1059 3,950,706.49
04/06/2019 6,614  126.2905  835,285.37 29,500 143.5433 4,234,527.35 3,766,032.86 36,114 127.4109 4,601,318.23
05/06/2019 6,457  127.8247  825,364.09 6,500 144.9897 942,433.05 837,197.34 12,957 128.3138 1,662,561.43
06/06/2019 3,797  130.1020  493,997.29 5,200 148.2059 770,670.68 684,067.71 8,997 130.9398 1,178,065.00
07/06/2019 5,413  133.0291 720,086.52 10,000 150.6907 1,506,907.00 1,336,740.00 15,413 133.4475 2,056,826.52
 

Total

 
30,963 128.2891 3,972,214.47 73,600 144.6450 10,645,870.56 9,477,263.20 104,563 128.6256 13,449,477.66

Since the announcement of the buyback program dated 28 December 2018 till 7 June 2019, the total invested consideration has been:

  • Euro 86,880,923.37 for No. 778,532 common shares purchased on the MTA
  • USD 30,032,367.81 (Euro 26,846,355.10*) for No. 209,059 common shares purchased on the NYSE

resulting in total No. 6,737,173 common shares held in treasury as of  7 June 2019. As of the same date, the Company held 2.62% 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.

/EIN News/ -- (*) 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).

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