Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

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

Ferrari N.v.: Periodic Report on the Buyback Program

MARANELLO (ITALY), NOVEMBER 14, 2022 – FERRARI N.V. (NYSE/EXM: RACE) (“FERRARI” OR THE “COMPANY”) INFORMS THAT THE COMPANY HAS PURCHASED, UNDER THE EURO 150 MILLION SHARE BUYBACK PROGRAM ANNOUNCED ON JUNE 30, 2022, AS THE INITIAL 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 “FIRST TRANCHE”), THE ADDITIONAL COMMON SHARES - REPORTED IN AGGREGATE FORM, ON A DAILY BASIS - ON THE EURONEXT MILAN (EXM) AS FOLLOWS:

 

Trading
Date
(dd/mm/yyyy)

 
 

Stock Exchange

 
 

Number of common shares purchased

 
 

Average price per share
excluding fees
(€)

 
 

Consideration excluding fees

 

(€)

 
04/11/2022 EXM 2,417 201.6298 487,339.23
07/11/2022 EXM 2,433 200.3052 487,342.55
08/11/2022 EXM 2,425 200.9068 487,198.99
09/11/2022 EXM 2,407 202.5297 487,488.99
10/11/2022 EXM 2,360 205.6701 485,381.44
11/11/2022 EXM 2,320 210.0072 487,216.70
 

Total

 
 

-
14,362 203.4513 2,921,967.90

Since the announcement of such First Tranche till November 11, 2022, the total invested consideration has been:

  • Euro 113,660,839.90 for No. 588,482 common shares purchased on the EXM
  • USD 19,368,214.33 (Euro 19,686,561.33*) for No. 101,968 common shares purchased on the NYSE.

As of November 11, 2022, the Company held in treasury No. 11,755,560 common shares equal to 4.57% 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 (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 MenloPark.com & California Media Partners, LLC. All rights reserved.