Ferrari N.V.: periodic report on the buyback program
September 02, 2019 at 06:15 am EDT
Share
Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the second tranche of the common share buyback program announced on 1 July 2019 (“Second Tranche”), the Company has purchased additional common shares - reported in aggregate form, on a 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
(€)*
26/08/2019
6,227
138.4491
862,122.55
6,227
138.4491
862,122.55
27/08/2019
2,251
140.6658
316,638.72
2,251
140.6658
316,638.72
29/08/2019
4,476
143.0000
640,068.00
6,000
158.9205
953,523.00
861,202.13
10,476
143.3057
1,501,270.13
30/08/2019
5,000
143.5387
717,693.50
6,500
157.7532
1,025,395.80
929,137.19
11,500
143.2027
1,646,830.69
Total
17,954
141.2790
2,536,522.77
12,500
158.3135
1,978,918.80
1,790,339.32
30,454
142.0786
4,326,862.08
Since the announcement of the Second Tranche of the buyback program dated 1 July 2019 till 30 August 2019, the total invested consideration has been:
Euro 71,858,370.53 for No. 494,717 common shares purchased on the MTA
USD 1,978,918.80 (Euro 1,790,339.32*) for No. 12,500 common shares purchased on the NYSE
resulting in total No. 7,484,251 common shares held in treasury as of 30 August 2019. As of the same date, the Company held 2.91% 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).
Ferrari N.V. is a holding company organized around 3 areas of activity:
- manufacturing and sale of luxury sports vehicles (85.8% of net sales): 458 Italia, 488 GTB, 458 Spider, 488 Spider, F12 Berlinetta, 458 Speciale, 458 Speciale A, California T and Ferrari FF. The group also provides spare parts;
- manufacturing and sale of car engines (2.1%): Maseratti brand;
- other (12.1%): sponsorship activity, provision of financial services, etc.
Net sales are distributed geographically as follows: Italy (7.4%), the United Kingdom (10.5%), Germany (8.3%), Europe/Middle East/Africa (21.9%), the United States (25.7%), Americas (3.8%), China/Hong Kong/Taiwan (9.8%), Asia/Pacific and Australia (12.6%).