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


Maranello (Italy), 31 July 2019 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the second tranche of the common share buyback program announced on 1 July 2019 (“Second Tranche”), the Company has purchased additional common shares - reported in aggregate form, on daily basis - on the Italian Stock Exchange (MTA) as follows:

  MTA
Trading
Date
(d/m/y)

 
Number of common shares purchased

 
Average price per share
excluding fees
(€)
Consideration excluding fees
 (€)

 
22/07/2019 9,903 149.1147 1,476,682.87
23/07/2019 6,709 150.7140 1,011,140.23
24/07/2019 15,872 150.3925 2,387,029.76
25/07/2019 16,906 149.3128 2,524,282.20
26/07/2019 11,000 148.9095 1,638,004.50
29/07/2019 17,443 148.2179 2,585,364.83
30/07/2019 26,949 145.1949 3,912,857.36
Total 104,782 148.2636 15,535,361.75

Since the announcement of the Second Tranche of the buyback program dated 1 July 2019 till 30 July 2019, the total invested consideration has been Euro 41,024,163.77 for No. 276,376 common shares purchased on the MTA resulting in total No. 7,253,410 common shares held in treasury as of 30 July 2019. As of the same date, the Company held 2.82% 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).

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