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Ferrari N.V. Add to portfolio

FTSEMIB:RACE, Jul 17, 07:24 UTC

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Monday, July 15


News

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

RACE RACE

Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the second tranche of the common share buyback program announced on 1 July 2019 (“Second Tranche”), the Company has purchased additional common shares - reported in aggregate form, on daily basis - on the Italian Stock Exchange (MTA) as follows:. 8,400,282.11. Since the announcement of the Second Tranche of the buyback program dated 1 July 2019 till 12 July 2019, the total invested consideration has been Euro 16,504,081.51 for No. 111,726 common shares purchased on the MTA resulting in total No. 7,105,868 common shares held in treasury as of 12 July 2019. As of the same date, the Company held 2.76% 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.

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Friday, July 12


News

Ferrari N.V. announces final results of the cash tender offers on certain series of its euro notes

RACE RACE

Maranello, Italy 12 July 2019 - Ferrari N.V. (NYSE/MTA: RACE) (Ferrari or the Company) hereby announces the final results of its invitation to eligible holders (subject to the offer restrictions referred to in the Tender Offer Memorandum (as defined below)) of the Company’s outstanding €700,000,000 0.250 per cent. No further announcements of results are expected to be made.

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Monday, July 08


News

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

RACE RACE

Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the second tranche of the common share buyback program announced on 1 July 2019 (“Second Tranche”), the Company has purchased common shares - reported in aggregate form, on daily basis - on the Italian Stock Exchange (MTA) as follows:. 8,103,799.40. Since the announcement of the Second Tranche of the buyback program dated 1 July 2019 till 5 July 2019, the total invested consideration has been Euro 8,103,799.40 for No. 55,000 common shares purchased on the MTA resulting in total No. 7,049,142 common shares held in treasury as of 5 July 2019. As of the same date, the Company held 2.74% 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.

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Thursday, July 04


News

Ferrari N.v. Announces Cash Tender Offers on Certain Series of Euro Notes Issued by Ferrari N.v.

RACE RACE

Announces Cash Tender Offers on Certain Series of Euro Notes Issued by Ferrari N.v. Maranello, Italy 4 July 2019 - Ferrari N.V. (NYSE/MTA: RACE) (Ferrari or the Company) announces an invitation to eligible holders (subject to the offer restrictions referred to below) of the Company’s outstanding €700,000,000 0.250 per cent. Notes due 16 January 2021 (ISIN:XS1720053229) (the 2021 Notes), and the Company’s outstanding €500,000,000 1.500 per cent. Notes due 16 March 2023 (ISIN:XS1380394806) (the 2023 Notes and, together with the 2021 Notes, the Notes) to tender their Notes for purchase by the Company for cash up to an aggregate nominal amount of €250,000,000 (the Maximum Acceptance Amount) (the Offers and each an Offer). The Offers are made on the terms and subject to the conditions set out in the tender offer memorandum dated 4 July 2019 (the Tender Offer Memorandum).

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Wednesday, July 03


News

BitCar Announces a Platform Update that Will Make Fractionally Owning a Ferrari 599 GTO That Much Easier

RACE RACE

BitCar Announces a Platform Update that Will Make Fractionally Owning a Ferrari 599 GTO That Much Easier. LONDON, July 03, 2019 /PRNewswire-PRWeb/ -- Having recently announced its mainnet launch on May 6th starting with the Ferrari 599 GTO on the Ethereum public network, BitCar plans to list only the rarest and finest models from marques such as Lamborghini, Ferrari, and Bugatti. BitCar Co-founder Gov van Ek said, "We're very pleased to announce an update to our payments processing system as well as an opportunity for people to win a fractional ownership stake in a half million-dollar collector edition Ferrari 599 GTO. Both these announcements support our goal of empowering anyone to own part of a top collectable at an affordable price point." BitCar's utility token (BITCAR) is needed to access the platform and can be used to pay for fractions of cars as well as vote on day-to-day decisions with regards to the cars.

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Thursday, June 27


News

Copycats No More: Italian Court Recognizes Ferrari 250 GTO As A 'Work Of Art'

RACE RACE

Copycats No More: Italian Court Recognizes Ferrari 250 GTO As A ‘Work Of Art’. Companies looking to create replica or reproductions of the iconic Ferrari 250 GTO will no longer be able to, following a landmark ruling in an Italian court that the classic Prancing Horse is recognized as a work of art. The Telegraph reports that Ferrari complained to a commercial tribunal in Bologna that a company in the city of Modena was planning to produce replicas of the 250 GTO and lodged a petition asking for the design and intellectual property rights of the car to be recognized. In its ruling, the tribunal said “the customization of the car’s lines and its aesthetic elements have made the 250 GTO unique, a true automobile icon,” while citing the “numerous awards” it has received over the decades as a reason to consider it as a work of art.

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Wednesday, June 26


News

Ferrari Stock Posted New All-Time High Last Week

RACE RACE

Italian luxury carmaker Ferrari (RACE) continued to trade on a strong bullish note last week. In the week ended June 21, its stock rose by 6.1%, registering its highest weekly gains in the last 20 weeks. Ferrari is the only auto company that has ended all months of 2019 so far in the positive territory.

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Thursday, June 20


News

Ferrari introduces new front wing in France

RACE RACE

Ferrari has brought a new front wing to the French Grand Prix at Paul Ricard, featuring detail changes to its current Formula 1 concept. Throughout the season so far, Ferrari has been one of the teams to experiment with a more extreme front wing design, at which the outboard section slopes downward. This breed of front wings means that the downforce output is concentrated at the inboard section, while the outboard portion is then used to turn airflow around the front tyre. Ferrari principal Mattia Binotto says that although the upgrades brought to France won't provide an immediate fix to the SF90's problems, they should instead inform the team's "next steps" in defining its upgrades.

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Wednesday, June 19


News

Engine Restoration Begins on One-of-a-Kind Ferrari Boat

RACE RACE

The boat, named Arno XI, was built to break world speed records and has an unprecedented pedigree, setting an unbroken record of over 240 kph in 1953 on the Lago d'Iseo, Italy. "We have restored the rarest and most valuable Ferraris ever made, but obviously we have only ever worked on car engines and bodies. Restoring this 1952 Ferrari engine, specifically hand built for this unique installation, is the thrill of lifetime for all of us at Ferrari headquarters." "Imagine being a top technician at Ferrari and being able to work on the very same parts that Enzo Ferrari himself helped craft and design," said the boat's fourth and current owner, Austin businessman Milton Verret. The Ferrari engine originally produced 350 bhp. But after some initial test runs and races in early 1953, even though the boat did speeds well over 100mph, Enzo Ferrari ordered the engine modified for methanol fuel to allow higher compression ratios.

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Monday, June 17


News

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

RACE RACE

Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) 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) and on the New York Stock Exchange (NYSE) as follows:. 11,553,940.96. Since the announcement of the buyback program dated 28 December 2018 till 14 June 2019, the total invested consideration has been:. 6,822,040 common shares held in treasury as of 14 June 2019. As of the same date, the Company held 2.65% 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.

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