Ferrari’s (NYSE:RACE): Periodic Report on Its Buyback Program

Ferrari’s (NYSE:RACE): Periodic Report on Its Buyback Program

$RACE

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:



Trading

Date

(dd/mm/yyyy)



 
 



Stock Exchange



 
 



Number of common shares purchased



 
 



Average price per share

excluding fees



   
 



Consideration excluding fees

 

(€)
18/03/2019MTA8,125115.9846942,374.88
19/03/2019MTA4,824116.4344561,679.55
20/03/2019MTA11,435116.38071,330,813.30
21/03/2019MTA7,452115.9321863,926.01
22/03/2019MTA21,195115.18032,441,246.46
 



Total



 
 



 



53,031
 



 



6,140,040.20

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).

Attachment

Source: Ferrari N.V.

The 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.

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.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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