Sign In  |  Register  |  About Sunnyvale  |  Contact Us

Sunnyvale, CA
September 01, 2020 10:10am
7-Day Forecast | Traffic
  • Search Hotels in Sunnyvale

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

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

Maranello (Italy), May 22, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on December 1, 2022, as the second tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Second Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows:

  EXM 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) (€) (€) ($) ($) (€)* (€)* (€)*
        
15/05/2023 4,060 272.4227 1,106,036.16 7,100 293.1294 2,081,218.74 1,913,588.40 11,160 270.5757 3,019,624.56
16/05/2023 4,095 270.7800 1,108,844.10 - - - - 4,095 270.7800 1,108,844.10
17/05/2023 4,080 271.1767 1,106,400.94 4,900 293.3829 1,437,576.21 1,327,524.43 8,980 271.0385 2,433,925.37
18/05/2023 4,030 274.6929 1,107,012.39 - - - - 4,030 274.6929 1,107,012.39
19/05/2023 4,030 276.5480 1,114,488.44 - - - - 4,030 276.5480 1,114,488.44
  20,295 273.1107 5,542,782.02 12,000 293.2329 3,518,794.95 3,241,112.83 32,295 271.9893 8,783,894.85
Total
 

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

Since the announcement of such Second Tranche till May 19, 2023, the total invested consideration has been:

  • Euro 131,221,069.39 for No. 556,193 common shares purchased on the EXM
  • USD 28,447,553.09 (Euro 26,651,448.08*) for No. 113,422 common shares purchased on the NYSE.

As of May 19, 2023, the Company held in treasury No. 12,451,610 common shares equal to 4.85% 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 July 1, 2022 until May 19, 2023, the Company has purchased a total of 1,478,023 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 317,046,507.49.

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 (https://www.ferrari.com/en-EN/corporate/buyback-programs).

Attachment


Primary Logo

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Sunnyvale.com & California Media Partners, LLC. All rights reserved.