Ferrari N.V. (NYSE/MTA:RACE) announces that under the common share buyback program announced on 28 December 2018, the Company has purchased additional common shares – reported in aggregate form, on 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 buyback program dated 28 December 2018 till 22 March 2019, the total invested consideration has been Euro 49,649,069.53 for No. 477,000 common shares purchased resulting in No. 6,226,582 common shares held in treasury as of 22 March 2019. As of the same date, the Company held 2.49% 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).
Source: Ferrari N.V.
Ferrari is the Aristocrat of the automotive sector.
HeffX-LTN overall technical outlook for RACE is Bullish across the board, and there is very little resistance here and none above 140.26. All of our Key indicators are Very Bullish in here.
For the running history of Ferrari’s stock buyback program click here.