FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
01/17/2022 | 01:24pm EDT
Maranello (Italy), January 17, 2022 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the fifth tranche of the common share buyback program announced on October 4, 2021 (“Fifth Tranche”), additional common shares - reported in aggregate form, on a daily basis - on the Italian Stock Exchange (MTA) as follows:
Trading Date (dd/mm/yyyy)
Stock Exchange
Number of common shares purchased
Average price per share excluding fees (€)
Consideration excluding fees (€)
10/01/2022
MTA
13,421
222.2270
2,982,508.40
11/01/2022
MTA
3,267
221.6075
723,991.70
12/01/2022
MTA
280
223.7454
62,648.70
13/01/2022
MTA
12,839
222.6678
2,858,832.00
14/01/2022
MTA
34,007
214.7254
7,302,166.60
Total
-
63,814
218.2930
13,930,147.40
Since the announcement of the Fifth Tranche of the buyback program dated October 4, 2021 till January 14, 2022, the total invested consideration has been:
Euro 80,581,777.10 for No. 375,641 common shares purchased on the MTA
USD 5,457,277.38 (Euro 4,827,879.29*) for No. 21,214 common shares purchased on the NYSE.
As of January 14, 2022, the Company held in treasury No. 10,169,758 common shares equal to 3.95% 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 January 14, 2022, the Company has purchased a total of 4,984,432 own common shares on MTA and NYSE for a total consideration of Euro 738,831,358.63.