EX-99 2 fnvbb16320prex.htm EXHIBIT 99 Exhibit




Exhibit 99.1



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

Maranello (Italy), 16 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:



Trading
Date
(dd/mm/yyyy)
Stock Exchange
Number of common shares purchased

Average price per share
excluding fees


Consideration excluding fees



(€)
09/03/2020
MTA
84,137
124.5540
10,479,596.11
10/03/2020
MTA
1,096
124.9248
136,917.60
12/03/2020
MTA
46,000
119.6814
5,505,343.71
13/03/2020
MTA
1,191
119.9788
142,894.70
Total
132,424
122.8233
16,264,752.12



Since the announcement of the Third Tranche of the buyback program dated 14 November 2019 till 13 March 2020, the total invested consideration has been:
Euro 122,043,373.30 for No. 840,244 common shares purchased on the MTA
USD 29,985,333.60 (Euro 27,308,366.63*) for No. 185,717 common shares purchased on the NYSE
resulting in total No. 9,423,568 common shares held in treasury as of 13 March 2020. As of the same date, the Company held 3.66% 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 3,691,094 own common shares on MTA and NYSE for a total consideration of Euro 498,952,229.81.

(*) 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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