CNH Industrial: Completion of fifth $50 million tranche of $300 million Buyback Program
August 02 2023 - 04:30PM
Basildon, August 2, 2023
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI)
announces that it has completed the fifth $50 million tranche (the
“Fifth Tranche”) of its $300 million common share buyback program.
The Company completed transactions in the period July 24 to July
26, 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 Fifth Tranche, the
total invested amount is approximately €45,483,647.96
($49,999,989.60) for a total amount of 3,453,914 common shares
purchased.
Date |
Number of common shares purchased |
Average price per share excluding fees |
Consideration excluding fees |
Consideration(*) excluding fees |
|
|
(€) |
(€) |
($) |
July 24, 2023 |
28,513 |
13.7888 |
393,160.05 |
436,250.40 |
July 26, 2023 |
108,544 |
14.0348 |
1,523,393.33 |
1,684,720.69 |
|
137,057 |
- |
1,916,553.38 |
2,120,971.09 |
As of July 31, 2023, the Company held 32,166,232
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
- 20230802_PR_CNH_Industrial_Buyback_Periodic_Report
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