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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  

November 8, 2021 GMT

Maranello (Italy), November 8, 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

 

(€)

 
29/10/2021MTA5,427201.52221,093,661.10
01/11/2021MTA913206.5882188,615.00
02/11/2021MTA4,480208.6878934,921.30
04/11/2021MTA623219.8836136,987.50
05/11/2021MTA87225.797719,644.40
 

Total

 
 

-
11,530205.88292,373,829.30
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Since the announcement of the Fifth Tranche of the buyback program dated October 4, 2021 till November 5, 2021, the total invested consideration has been:

  • Euro 23,292,409.30 for No. 123,025 common shares purchased on the MTA.

As of November 5, 2021, the Company held in treasury No. 9,895,928 common shares equal to 3.85% 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 November 5, 2021, the Company has purchased a total of 4,710,602 own common shares on MTA and NYSE for a total consideration of Euro 676,714,111.54.

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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