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Ferrari (NYSE:RACE) Reports on Buyback Program

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Ferrari N.V. (NYSE/MTA:RACE) 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



(€)

 
08/07/201911,000148.12881,629,416.80
09/07/201911,594147.82091,713,835.51
10/07/201912,309148.15461,823,634.97
11/07/201911,332148.10451,678,320.19
12/07/201910,491148.22941,555,074.64


Total

56,726148.08528,400,282.11

Since the announcement of the Second Tranche of the buyback program dated 1 July 2019 till 12 July 2019, the total invested consideration has been EUR 16,504,081.51 for No. 111,726 common shares purchased on the MTA resulting in total No. 7,105,868 common shares held in treasury as of 12 July 2019.

As of the same date, the Company held 2.76% 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.

Attachment

Source: Ferrari N.V.

Ferrari is the Aristocrat of the automotive sector.

Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.

HeffX-LTN overall technical outlook for RACE is Very Bullish overhead resistance is NIL, and very strong support at 165.38, all Key indicators are Very Bullish in here. Ferrari finished at 168.47, + 1.96 Monday in NY.

Stay tuned…

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