CNH Industrial: Periodic Report on fourth $50 million tranche of $300 million Buyback Program
May 31 2023 - 04:30PM
GlobeNewswire Inc.
London, May 31, 2023
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI)
announces that under the fourth $50 million tranche (the “Fourth
Tranche”) of its $300 million common share buyback program, the
Company completed transactions in the period May 22, 2023 to May
25, 2023, reported in aggregate, based on automatic orders placed
with the Company’s broker (who has made its trading decisions as to
the timing of the purchases independently of the Company and on the
basis of instructions given before the commencement of the
Company’s closed period under the applicable regulations) as set
forth in the table below. After the purchases announced today and
considering those previously executed under the Fourth Tranche, the
total invested amount is approximately €14,422,962.95
($15,607,479.43) for a total amount of 1,138,017 common shares
purchased.
Date |
Number of common shares purchased |
Average priceper
shareexcluding fees |
Considerationexcluding fees |
Consideration
(**)excluding
fees |
|
|
(€) |
(€) |
($) |
May 22, 2023 |
192,000 |
12.8757 |
2,472,134.40 |
2,675,343.85 |
May 24, 2023 |
191,000 |
12.6263 |
2,411,623.30 |
2,600,935.73 |
May 25, 2023 |
200,000 |
12.3467 |
2,469,340.00 |
2,650,836.49 |
|
583,000 |
- |
7,353,097.70 |
7,927,116.07 |
(*) All translations determined from Euro to US
Dollar at the exchange rate reported by the European Central Bank
on the date of each purchase
As of May 26, 2023, the Company held 26,172,270
common shares in Treasury. Details of the transactions described in
the table above, including the regulated markets where the
purchases were made, are available on the Company’s corporate
website under the Buyback Programs section at the following
address: bit.ly/CNHI_Buy_Back.
CNH Industrial (NYSE: CNHI /
MI: CNHI) is a world-class equipment and services company. Driven
by its purpose of Breaking New Ground, which centers on Innovation,
Sustainability and Productivity, the Company provides the strategic
direction, R&D capabilities, and investments that enable the
success of its global and regional Brands. Globally, Case
IH and New Holland Agriculture supply
360° agriculture applications from machines to implements and the
digital technologies that enhance them; and CASE
and New Holland Construction Equipment deliver a
full lineup of construction products that make the industry more
productive. The Company’s regionally focused Brands include:
STEYR, for agricultural tractors;
Raven, a leader in digital agriculture, precision
technology and the development of autonomous systems;
Flexi-Coil, specializing in tillage and seeding
systems; Miller, manufacturing application
equipment; Kongskilde, providing tillage, seeding
and hay & forage implements; and Eurocomach,
producing a wide range of mini and midi excavators for the
construction sector, including electric
solutions.
Across a history spanning over two centuries,
CNH Industrial has always been a pioneer in its sectors and
continues to passionately innovate and drive customer efficiency
and success. As a truly global company, CNH Industrial’s 40,000+
employees form part of a diverse and inclusive workplace, focused
on empowering customers to grow, and build, a better world.
For more information and the latest financial
and sustainability reports visit: cnhindustrial.com
For news from CNH Industrial and its Brands
visit: media.cnhindustrial.com
Contacts:
Media RelationsEmail:
mediarelations@cnhind.com
Investor RelationsEmail:
investor.relations@cnhind.com
- 20230531_PR_CNH_Industrial_Buyback_Periodic_Report
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