Ferrari N.v.: Periodic Report on the Buyback Program
September 06, 2021 at 01:00 pm EDT
Share
Maranello (Italy), September 6, 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
Trading
Number of common shares purchased
Average price per share
Consideration excluding fees
Number of common shares purchased
Average price per share
Consideration excluding fees
Consideration excluding fees
Number of common shares purchased
Average price per share
Consideration excluding fees
Date
excluding fees
excluding fees
excluding fees
(d/m/y)
(€)
(€)
($)
($)
(€)*
(€)*
(€)*
30/08/2021
-
-
-
5,642
218.1006
1,230,523.59
1,042,728.23
5,642
184.8154
1,042,728.23
31/08/2021
7,088
182.8120
1,295,771.46
2,420
217.2413
525,723.95
444,248.73
9,508
183.0059
1,740,020.19
01/09/2021
9,000
184.2290
1,658,061.00
-
-
-
-
9,000
184.2290
1,658,061.00
02/09/2021
-
-
-
4,503
219.7928
989,726.98
835,494.66
4,503
185.5418
835,494.66
03/09/2021
-
-
-
4,031
219.0103
882,830.52
743,624.09
4,031
184.4763
743,624.09
16,088
183.6047
2,953,832.46
16,596
218.6554
3,628,805.04
3,066,095.71
32,684
184.1858
6,019,928.17
Total
Since the announcement of the Fourth Tranche of the buyback program dated March 11, 2021 till September 3, 2021, the total invested consideration has been: • Euro 102,487,991.06 for No. 596,247 common shares purchased on the MTA. • USD 25,422,611.83 (Euro 21,290,641.23 *) for No. 122,323 common shares purchased on the NYSE
As of September 3, 2021, the Company held in treasury No. 9,631,081 common shares equal to 3.74% 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 3, 2021, the Company has purchased a total of 4,445,755 own common shares on MTA and NYSE for a total consideration of Euro 627,200,865.45.
(*) 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).
(Italy), September 6, 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
Trading
Number of common shares purchased
Average price per share
Consideration excluding fees
Number of common shares purchased
Average price per share
Consideration excluding fees
Consideration excluding fees
Number of common shares purchased
Average price per share
Consideration excluding fees
Date
excluding fees
excluding fees
excluding fees
(d/m/y)
(€)
(€)
($)
($)
(€)*
(€)*
(€)*
30/08/2021
-
-
-
5,642
218.1006
1,230,523.59
1,042,728.23
5,642
184.8154
1,042,728.23
31/08/2021
7,088
182.8120
1,295,771.46
2,420
217.2413
525,723.95
444,248.73
9,508
183.0059
1,740,020.19
01/09/2021
9,000
184.2290
1,658,061.00
-
-
-
-
9,000
184.2290
1,658,061.00
02/09/2021
-
-
-
4,503
219.7928
989,726.98
835,494.66
4,503
185.5418
835,494.66
03/09/2021
-
-
-
4,031
219.0103
882,830.52
743,624.09
4,031
184.4763
743,624.09
16,088
183.6047
2,953,832.46
16,596
218.6554
3,628,805.04
3,066,095.71
32,684
184.1858
6,019,928.17
Total
Since the announcement of the Fourth Tranche of the buyback program dated March 11, 2021 till September 3, 2021, the total invested consideration has been: • Euro 102,487,991.06 for No. 596,247 common shares purchased on the MTA. • USD 25,422,611.83 (Euro 21,290,641.23 *) for No. 122,323 common shares purchased on the NYSE
As of September 3, 2021, the Company held in treasury No. 9,631,081 common shares equal to 3.74% 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 3, 2021, the Company has purchased a total of 4,445,755 own common shares on MTA and NYSE for a total consideration of Euro 627,200,865.45.
(*) 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%).