Ferrari N.V.: periodic report on the buyback program

Publication date: 
28 Nov 2018

Maranello (Italy), 28 November 2018 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the common share buyback program announced on 9 February 2018, the Company has purchased additional common shares - reported in aggregate form, on daily basis - on the Italian Stock Exchange (MTA) and the New York Stock Exchange (NYSE) as follows:

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Details of such transactions are provided in attachment.

Since the announcement of the buyback program dated 9 February 2018 till 27 November 2018, the total invested consideration has been Euro 99,991,598.85 ($116,384,959.48(**)) for No. 1,033,218 common shares purchased resulting in No. 6,002,843 common shares held in treasury as of 27 November 2018. As of the same date, the Company held 2.40% of the total issued share capital including the common shares and the special voting shares.

A comprehensive overview of the transactions carried out under the share buyback program is available on the corporate website (http://corporate.ferrari.com).

With the purchases described above the Company has completed its buyback program announced on 9 February 2018.

 

(*) weighted average price per share of the purchases made on MTA and NYSE on 19/11/2018: € 96.0934 (44,728 total shares purchased); weighted average price per share of the purchases made on MTA and NYSE on 20/11/2018: € 93.1703  (95,282 total shares purchased)

(**) translated at the official European Central Bank EUR/USD exchange rate as of the date of each purchase