CNH Industrial: Completion of fourth $50 million tranche of $300 million Buyback Program
June 23 2023 - 04:30PM
Basildon, June 23, 2023
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI)
announces that it has completed the fourth $50 million tranche (the
“Fourth Tranche”) of its $300 million common share buyback program.
The Company completed transactions in the period June 14, 2023 to
June 19, 2023, reported in aggregate 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 €46,391,433.70 ($49,999,997.21) for a total
amount of 3,678,065 common shares purchased.
Date |
Number of common shares purchased |
Average priceper
shareexcluding fees |
Considerationexcluding fees |
Consideration
(*)excluding fees |
|
|
(€) |
(€) |
($) |
June 14, 2023 |
16,779 |
13.2339 |
222,051.61 |
240,015.58 |
June 15, 2023 |
186,000 |
13.3301 |
2,479,398.60 |
2,682,461.35 |
June 16, 2023 |
187,000 |
13.2958 |
2,486,314.60 |
2,726,492.59 |
June 19, 2023 |
116,187 |
13.2439 |
1,538,769.01 |
1,680,643.51 |
|
505,966 |
- |
6,726,533.82 |
7,329,613.03 |
(*) 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 June 19, 2023, the Company held 28,712,318
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: cnhindustrial.com/BuyBack.
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
- 20230623_PR_CNH_Industrial_Buyback_Periodic_Report
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