Ferrari N.v.: Periodic Report on the Buyback Program
May 09 2022 - 12:55PM
Maranello (Italy), May 9, 2022 – Ferrari N.V. (NYSE/EXM:
RACE) (“Ferrari” or the “Company”) informs that the
Company has purchased, under the sixth tranche of the common share
buyback program announced on March 3, 2022 (“Sixth
Tranche”), additional common shares - reported in aggregate
form, on a daily basis - on Euronext Milan (EXM) as follows:
TradingDate(dd/mm/yyyy)
|
Stock Exchange |
Number of common shares purchased |
Average price per shareexcluding
fees(€) |
Consideration excluding fees
(€) |
02/05/2022 |
EXM |
9,167 |
199.2871 |
1,826,865.25 |
04/05/2022 |
EXM |
20,800 |
195.7968 |
4,072,572.75 |
05/05/2022 |
EXM |
4,721 |
194.8128 |
919,711.15 |
06/05/2022 |
EXM |
62,633 |
187.2048 |
11,725,195.30 |
Total |
- |
97,321 |
190.5482 |
18,544,344.45 |
(*) translated at the European Central Bank
EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of the Sixth Tranche of
the buyback program dated March 3, 2022 till May 6, 2022, the total
invested consideration has been:
- Euro 80,515,495.25 for No. 420,639 common shares purchased on
the EXM
- USD 9,990,538.84 (Euro 9,133,362.89*) for No. 52,571 common
shares purchased on the NYSE.
As of May 6, 2022, the Company held in treasury
No. 10,901,415 common shares equal to 4.24% 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 6, 2022, the
Company has purchased a total of 5,781,697 own common shares on EXM
and NYSE, excluding transactions for Sell to Cover, for a total
consideration of Euro 893,069,424.69.
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
(https://www.ferrari.com/en-EN/corporate/buyback-programs).
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