Ferrari N.V.: periodic report on the buyback program
September 16, 2019 at 01:11 pm EDT
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Ferrari N.V.: periodic report on the buyback program
Maranello (Italy), 16 September 2019 – 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
(€)*
09/09/2019
20,000
147.0617
2,941,234.00
8,500
160.8913
1,367,576.05
1,239,532.36
28,500
146.6936
4,180,766.36
10/09/2019
107,939
139.9857
15,109,916.47
40,000
151.5227
6,060,908.00
5,489,952.90
147,939
139.2457
20,599,869.37
11/09/2019
48,749
138.8630
6,769,432.39
10,000
152.3908
1,523,908.00
1,384,993.18
58,749
138.8011
8,154,425.57
12/09/2019
15,319
137.3689
2,104,354.18
12,000
154.8401
1,858,081.20
1,694,865.64
27,319
139.0688
3,799,219.82
13/09/2019
3,127
138.5741
433,321.21
12,300
153.0824
1,882,913.52
1,696,929.99
15,427
138.0859
2,130,251.20
Total
195,134
140.2024
27,358,258.25
82,800
153.3018
12,693,386.77
11,506,274.07
277,934
139.8337
38,864,532.32
Since the announcement of the Second Tranche of the buyback program dated 1 July 2019 till 13 September 2019, the total invested consideration has been:
Euro 100,721,626.95 for No. 700,290 common shares purchased on the MTA
USD 17,610,716.16 (Euro 15,973,083.42*) for No. 113,750 common shares purchased on the NYSE
resulting in total No. 7,791,074 common shares held in treasury as of 13 September 2019. As of the same date, the Company held 3.03% 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%).