AP NEWS
ADVERTISEMENT
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

July 5, 2021 GMT

FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM   Maranello (Italy), July 5, 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) (€) (€) ($) ($) (€)* (€)* (€)*
               
30/06/2021 7,737 173.1795 1,339,889.79 - - - - 7,737 173.1795 1,339,889.79
01/07/2021 12,000 171.9167 2,063,000.40 2,879 203.7254 586,525.43 493,542.10 14,879 171.8222 2,556,542.50
02/07/2021 1,182 171.2981 202,474.35 - - - - 1,182 171.2981 202,474.35
  20,919 172.3488 3,605,364.54 2,879 203.7254 586,525.43 493,542.10 23,798 172.2374 4,098,906.64
Total
 
ADVERTISEMENT
ADVERTISEMENT

Since the announcement of the Fourth Tranche of the buyback program dated March 11, 2021 till July 2, 2021, the total invested consideration has been:
•             Euro 84,613,053.58 for No. 494,338 common shares purchased on the MTA.
•             USD 15,442,398.51 (Euro 12,837,800.02*) for No. 75,694 common shares purchased on the NYSE

As of July 2, 2021, the Company held in treasury No. 9,482,543 common shares equal to 3.69% 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 July 2, 2021, the Company has purchased a total of 4,297,217 own common shares on MTA and NYSE for a total consideration of Euro 600,873,086.77.

(*) 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 ).

Attachment