Ferrari (NYSE:RACE) Imola Results + Periodic Report on the Buyback Program
#F1 #Imola #Ferrari #Leclerc #Saintz
"Max Verstappen won the Emilia Romagna Grand Prix at Imola Sunday, as Ferrari’s World Championship leader Charles Leclerc crashed but salvaged 6th. Heartbreaking!"--Paul Ebeling
Mr. Verstappen dominated a wet/dry race from Pole position to lead home a Red Bull 1-2 with teammate Sergio Perez.
Ferrari’s heartbreaking home race began when Carlos Sainz was taken out by McLaren’s Daniel Ricciardo at the 1st corner, and was compounded when Mr. Leclerc spun into the barrier while attempting to pressure Mr. Perez. He was forced to pit for a new nose and front wing, dropping to 9th but recovered to finish 6th.
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On the stock buyback program
Ferrari N.V. (NYSE:RACE) informs that the Company has purchased, under the sixth tranche of the common share buyback program announced on March 3, 2022 (“Sixth Tranche”), additional common shares - reported in aggregate form, on a daily basis - on Euronext Milan (EXM) as follows:
Date
(dd/mm/yyyy)
Stock Exchange
Number of common shares purchased
Average price per share
excluding fees
(€)
Consideration
excluding fees
(€)
11/04/2022
EXM
10,671
201.1846
2,146,841.30
12/04/2022
EXM
744
203.2116
151,189.40
13/04/2022
EXM
9,776
202.1722
1,976,435.70
14/04/2022
EXM
2,990
205.0634
613,139.70
19/04/2022
EXM
10,484
202.2067
2,119,935.10
20/04/2022
EXM
5,320
205.4060
1,092,759.80
21/04/2022
EXM
7,390
204.2133
1,509,136.10
Total
-
47,375
202.8377
9,609,437.10
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of the Sixth Tranche of the buyback program dated March 3, 2022 till April 21, 2022, the total invested consideration has been:
Euro 50,223,149.45 for No. 263,291 common shares purchased on the EXM
USD 9,990,538.84 (Euro 9,133,362.89*) for No. 52,571 common shares purchased on the NYSE.
As of April 21, 2022, the Company held in treasury No. 10,744,067 common shares equal to 4.18% 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 January 1, 2019 until April 21, 2022, the Company has purchased a total of 5,624,349 own common shares on EXM and NYSE, excluding transactions for Sell to Cover, for a total consideration of Euro 862,777,078.89.
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).
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Ferrari is The Aristocrat of the automotive sector.
Ferrari is 1 of the most recognizable brands in the world, even becoming the world’s strongest luxury brand in Y 2021, according to Brand Finance. Its Brand Strength Index scored 93.9 pts out of 100 and has a brand strength of AAA+.
Have a prosperous week, Keep the Faith!
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