Maranello (Italy), 26 August 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 a daily basis - on the Italian Stock Exchange (MTA) as follows:
|Number of common shares purchased ||Average price per share |
Consideration excluding fees
Since the announcement of the Second Tranche of the buyback program dated 1 July 2019 till 23 August 2019, the total invested consideration has been Euro 69,321,847.76 for No. 476,763 common shares purchased on the MTA resulting in total No. 7,453,797 common shares held in treasury as of 23 August 2019. As of the same date, the Company held 2.90% 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).