Ferrari N.V. (NYSE/MTA: RACE) announces that under the common share buyback program announced on 28 December 2018 (the “Initial Program”), the Company has purchased additional common shares - reported in aggregate form, on daily basis - on the Italian Stock Exchange (MTA) and on the New York Stock Exchange (NYSE) as follows:
Since the announcement of the buyback program dated 28 December 2018 till 24 May 2019, the total invested consideration has been:
- Euro 77,818,399.03 for No. 707,603 common shares purchased on the MTA
- USD 7,237,744.47 (Euro 6,482,009.58*) for No. 50,620 common shares purchased on the NYSE resulting in total No. 6,507,805 common shares held in treasury as of 24 May 2019. As of the same date, the Company held 2.53% 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.
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).
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase