Ferrari N.v.: Completion of the Fourth Tranche of the Disclosed Multi-Year Share Repurchase Program and Announcement of the Fifth Tranche
04 Oktober 2021 - 6:28PM
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) |
(€) |
(€) |
($) |
($) |
(€)* |
(€)* |
(€)* |
|
|
|
|
|
|
|
|
27/09/2021 |
4,000 |
184.2420 |
736,968.00 |
2,825 |
216.2546 |
610,919.25 |
522,242.47 |
6,825 |
184.4997 |
1,259,210.47 |
28/09/2021 |
4,000 |
183.1788 |
732,715.20 |
- |
- |
- |
- |
4,000 |
183.1788 |
732,715.20 |
29/09/2021 |
4,000 |
182.2052 |
728,820.80 |
- |
- |
- |
- |
4,000 |
182.2052 |
728,820.80 |
30/09/2021 |
2,300 |
181.4950 |
417,438.50 |
- |
- |
- |
- |
2,300 |
181.4950 |
417,438.50 |
|
14,300 |
182.9330 |
2,615,942.50 |
2,825 |
216.2546 |
610,919.25 |
522,242.47 |
17,125 |
183.2517 |
3,138,184.97 |
Total |
|
(*) translated at the European Central Bank
EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of the Fourth Tranche of
the buyback program dated March 11, 2021 till October 1, 2021, the
total invested consideration has been:
- Euro 119,999,824.22 for No. 691,001 common shares purchased on
the MTA
- USD 35,696,331.47 (Euro 29,999,644.86*) for No. 169,391 common
shares purchased on the NYSE.
With the purchases described above the Company
has completed the Fourth Tranche of the Program announced on March
11, 2021.
Since January 1, 2019 until October 1, 2021, the
Company has purchased a total of 4,587,577 own common shares on MTA
and NYSE for a total consideration of Euro 653,421,702.24.
As of October 1, 2021, the Company held in
treasury No. 9,772,903 common shares equal to 3.80% 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.
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).
The Company intends to continue its already
disclosed multi-year share repurchase program with a fifth tranche
of up to Euro 150 million to start on October 5, 2021
(“Fifth Tranche”) and to end no later than March
31, 2022 of which Euro 120 million to be executed on the MTA market
under a non-discretionary share repurchase agreement with a primary
financial institution and up to Euro 30 million to be executed on
the NYSE under an additional mandate with a primary financial
institution.
The Fifth Tranche will be conducted in the
framework of the resolution adopted by the Annual General Meeting
of Shareholders held on April 15, 2021. The repurchases will be
made in accordance with applicable laws and regulations.
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