EX-99 2 fnvbb2320prex.htm EXHIBIT 99 Exhibit




Exhibit 99.1



Ferrari N.V.: periodic report on the buyback program

 

Maranello (Italy), 2 March 2020 - Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the third tranche of the common share buyback program announced on 14 November 2019 (“Third Tranche”), the Company has purchased additional common shares - reported in aggregate form, on a daily basis - on the Italian Stock Exchange (MTA) as follows:


 
MTA
NYSE
Total
Trading
Date
(d/m/y)
Number of common shares purchased
Average price per share
excluding fees
(€)
Consideration excluding fees

(€)
Number of common shares purchased
Average price per share
excluding fees
($)
Consideration excluding fees

($)
Consideration excluding fees

(€)*
Number of common shares purchased
Average price per share
excluding fees
(€)*
Consideration excluding fees

(€)*
21/02/2020
29,310
160.7687
4,712,130.16
12,200
172.9629
2,110,147.38
1,953,659.27
41,510
160.5827
6,665,789.43
24/02/2020
69,911
151.4942
10,591,111.93
38,344
164.3476
6,301,744.37
5,825,239.76
108,255
151.6452
16,416,351.69
25/02/2020
7,045
149.4652
1,052,982.30
18,000
163.6834
2,946,301.20
2,717,990.04
25,045
150.5679
3,770,972.34
26/02/2020
19,471
147.0217
2,862,658.90
15,497
161.3630
2,500,642.41
2,299,441.30
34,968
147.6235
5,162,100.20
27/02/2020
48,336
144.4175
6,980,565.54
12,635
159.2950
2,012,692.33
1,835,728.13
60,971
144.5981
8,816,293.67
28/02/2020
29,824
140.9798
4,204,580.99
14,059
156.1298
2,195,028.86
1,999,661.89
43,883
141.3815
6,204,242.88
 Total
203,897
149.1147
30,404,029.82
110,735
163.1513
18,066,556.55
16,631,720.39
314,632
149.4945
47,035,750.21


Since the announcement of the Third Tranche of the buyback program dated 14 November 2019 till 28 February 2020, the total invested consideration has been:
•
Euro 95,563,185.59 for No. 633,252 common shares purchased on the MTA
•
USD 21,834,867.26 (Euro 20,034,054.25*) for No. 133,275 common shares purchased on the NYSE
resulting in total No. 9,164,134 common shares held in treasury as of 28 February 2020. As of the same date, the Company held 3.56% 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.
To date, since 1 January 2019, the Company has purchased a total of 3,431,660 own common shares on MTA and NYSE for a total consideration of Euro 465,197,729.72.


(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase



Ferrari N.V.
Amsterdam, the Netherlands
Registered Office:
Via Abetone Inferiore N.4,
I -41053 Maranello, (MO) Italy
Dutch trade register number: 64060977

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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).



For further information:
tel.: +39 0536 949337
Email: media@ferrari.com
www.ferrari.com





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