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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Ferrari nv: periodic report on the buyback program

October 11, 2021 GMT



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

Maranello (Italy), October 11, 2021 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the fifth tranche of the common share buyback program announced on October 4, 2021 (“Fifth Tranche”), additional common shares - reported in aggregate form, on a daily basis - on the Italian Stock Exchange (MTA) as follows:

 

Trading

Date

(dd/mm/yyyy)

 
 

Stock Exchange

 
 

Number of common shares purchased

 
 

Average price per share

excluding fees

(€)

 
 

Consideration excluding fees

 

(€)

 
05/10/2021MTA9,908178.22851,765,888.45
06/10/2021MTA15,968178.10622,843,999.75
07/10/2021MTA5,426180.9613981,896.00
08/10/2021MTA5,708183.79981,049,129.05
 

Total

 
 

-
 

37,010
 

179.4356
 

6,640,913.25
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Since the announcement of the Fifth Tranche of the buyback program dated October 4, 2021 till October 8, 2021, the total invested consideration has been:

  • Euro 6,640,913.25 for No. 37,010 common shares purchased on the MTA.

As of October 8, 2021, the Company held in treasury No. 9,809,913 common shares equal to 3.81% 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 October 8, 2021, the Company has purchased a total of 4,624,587 own common shares on MTA and NYSE for a total consideration of Euro 660,062,615.49.

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 ).

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