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

Ferrari’s (NYSE:RACE) Periodic Report on Stock 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 as reported in aggregate form, on daily basis on the Italian Stock Exchange (MTA)(source:Ferari) as follows:



Trading
Date
(dd/mm/yyyy)


Stock Exchange



Number of common shares purchased


Average price per share
excluding fees



 


Considerationexcluding fees



(€)
11/03/2019MTA2,273114.3964260,023.02
12/03/2019MTA2,000115.4977230,995.40
13/03/2019MTA12,389115.19881,427,197.93
14/03/2019MTA3,219115.3479371,304.89
15/03/2019MTA796116.141592,448.63


Total

 

 

20,677
 

 

2,381,969.87

Since the announcement of the buyback program dated 28 December 2018 till 15 March 2019, the total invested consideration has been Euro 43,509,029.33 for No. 423,969 common shares purchased resulting in No. 6,426,812 common shares held in treasury as of  15 March 2019. As of the same date, the Company held 2.57% of the total issued share capital including the common shares and the special voting shares.

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

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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