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 “Initial Program”), 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
 

Considerationexcluding fees

(€)
25/03/2019MTA4,265114.7431489,379.32
26/03/2019MTA158115.000018,170.00


Total

 

 

4,423
 

 

507,549.32

Since the announcement of the buyback program dated 28 December 2018 till 29 March 2019, the total invested consideration has been Euro 50,156,618.85 for No. 481,423 common shares purchased resulting in No. 6,231,005 common shares held in treasury as of  29 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

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.

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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