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

Publication date: 
10 Jun 2019

Maranello (Italy), 10 June 2019 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) 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:

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Since the announcement of the buyback program dated 28 December 2018 till 7 June 2019, the total invested consideration has been:

  • Euro 86,880,923.37 for No. 778,532 common shares purchased on the MTA
  • USD 30,032,367.81 (Euro 26,846,355.10*) for No. 209,059 common shares purchased on the NYSE

resulting in total No. 6,737,173 common shares held in treasury as of  7 June 2019. As of the same date, the Company held 2.62% 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.

 

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

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