FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM - Form 6-K
March 28, 2022 at 04:11 pm EDT
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FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Maranello (Italy), March 28, 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) and on the New York Stock Exchange (NYSE) as follows:
EXM
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
(€)*
21/03/2022
8,768
189.2007
1,658,911.80
-
-
-
-
8,768
189.2007
1,658,911.80
22/03/2022
3,364
190.9389
642,318.50
-
-
-
-
3,364
190.9389
642,318.50
23/03/2022
11,806
191.0367
2,255,379.35
2,771
208.2918
577,176.58
525,422.46
14,577
190.7664
2,780,801.81
24/03/2022
6,491
191.2952
1,241,697.25
-
-
-
-
6,491
191.2952
1,241,697.25
25/03/2022
7,594
193.1730
1,466,955.60
-
-
-
-
7,594
193.1730
1,466,955.60
Total
38,023
191.0755
7,265,262.50
2,771
208.2918
577,176.58
525,422.46
40,794
190.9762
7,790,684.96
(*) 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 March 25, 2022, the total invested consideration has been:
•Euro 25,819,518.30 for No. 142,472 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 March 25, 2022, the Company held in treasury No. 10,623,248 common shares equal to 4.13% 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 March 25, 2022, the Company has purchased a total of 5,503,530 own common shares on EXM and NYSE, excluding transactions for Sell to Cover, for a total consideration of Euro 838,373,447.74.
Ferrari N.V.
Amsterdam, The Netherlands
Registered Office:
Via Abetone Inferiore N. 4,
I - 41053 Maranello (MO) Italy
Dutch trade registration number:
64060977
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).
For further information:
Media Relations
tel.: +39 0536 949337
Email: media@ferrari.com
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Ferrari NV published this content on 28 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2022 20:10:14 UTC.
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%).