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

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


24 April 2019 10:34 ET | Source: Ferrari N.V.

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:


Stock Exchange

Number of common shares purchased


Average price per share
excluding fees

Consideration excluding fees

15/04/2019MTA21,596121.1883 2,617,182.53
16/04/2019MTA3,654120.6402 440,819.29
17/04/2019MTA7,721121.0453 934,590.76
18/04/2019MTA1,442120.8008 174,194.75

Since the announcement of the buyback program dated 28 December 2018 till 23 April 2019, the total invested consideration has been Euro 60,205,506.29 for No. 564,250 common shares purchased resulting in No. 6,313,832 common shares held in treasury as of  23 April 2019. As of the same date, the Company held 2.46% 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.


Ferrari is the Aristocrat of the automotive sector.

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.

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.

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