Ferrari N.V., - FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
September 21, 2021 at 04:02 am EDT
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FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Maranello (Italy), September 20, 2021 - Ferrari N.V. (NYSE/MTA: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the fourth tranche of the common share buyback program announced on March 11, 2021 ("Fourth Tranche"), 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
Average
Consideration
Average
Consideration
Consideration
Average
Consideration
Trading
price per
price per
price per
excluding fees
excluding fees
excluding fees
Number
excluding fees
share
share
share
Number of
Number of
of
common
excluding
common
excluding
common
excluding
Date
shares
shares
shares
fees
fees
fees
purchased
purchased
purchase
(d/m/y)
(€)
(€)
($)
($)
(€)*
d
(€)*
(€)*
13/09/2021
9,000
186.2595
1,676,335.50
3,700
218.1659
807,213.83
685,240.94
12,700
185.9509
2,361,576.44
15/09/2021
9,000
187.4421
1,686,978.90
5,505
220.8198
1,215,613.00
1,028,089.48
14,505
187.1815
2,715,068.38
17/09/2021
10,000
185.4479
1,854,479.00
5,120
216.6603
1,109,300.74
941,681.44
15,120
184.9312
2,796,160.44
Total
28,000
186.3498
5,217,793.40
14,325
218.6476
3,132,127.57
2,655,011.86
42,325
186.0084
7,872,805.26
Since the announcement of the Fourth Tranche of the buyback program dated March 11, 2021 till September 17, 2021, the total invested consideration has been:
Euro 112,207,172.26 for No. 648,395 common shares purchased on the MTA
USD 33,169,551.26 (Euro 27,842,612.35*) for No. 157,620 common shares purchased on the NYSE
As of September 17, 2021, the Company held in treasury No. 9,718,526 common shares equal to 3.78% 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 September 17, 2021, the Company has purchased a total of 4,533,200 own common shares on MTA and NYSE for a total consideration of Euro 643,472,017.77.
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
Ferrari N.V.
Registered Office:
Dutch trade registration number:
Amsterdam, The Netherlands
Via Abetone Inferiore N. 4,
64060977
I - 41053 Maranello (MO) Italy
corporate. ferrari.com
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
Ferrari NV published this content on 20 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2021 08:01:06 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%).