CNH Industrial: Periodic Report on $1 Billion Buyback Program
14 December 2023 - 8:45AM
CNH Industrial: Periodic Report on $1 Billion Buyback Program
CNH Industrial: Periodic Report on $1 Billion Buyback
Program
Basildon, December 13, 2023
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI)
announces that under the €400 million component (the “First
Component”) of its $1 billion share buyback program (the “Program”)
the Company completed transactions in the period December 4, 2023
through December 8, 2023, reported in aggregate, as set forth in
the table below. After the purchases announced today
and considering those previously executed under the First
Component, the total invested amount in the First Component is
approximately €234,921,574.77 ($254,595,621.88) or a total amount
of 24,741,114 common shares purchased.
Date |
Number of common shares purchased |
Average price per share excluding fees |
Consideration excluding fees |
Consideration (*) excluding fees |
|
|
(€) |
(€) |
($) |
December 4, 2023 |
2,000,000 |
10.0974 |
20,194,800.00 |
21,947,708.64 |
December 5, 2023 |
708,140 |
10.0676 |
7,129,270.26 |
7,711,731.64 |
December 6, 2023 |
337,304 |
10.1288 |
3,416,484.76 |
3,682,287.27 |
December 7, 2023 |
1,000,000 |
10.1558 |
10,155,800.00 |
10,938,812.18 |
December 8, 2023 |
635,595 |
10.1127 |
6,427,581.56 |
6,927,004.64 |
TOTAL |
4,681,039 |
|
47,323,936.58 |
51,207,544.38 |
Euronext Milan
Additionally on December 4, 2023, the Company
purchased 1 million shares on the New York Stock Exchange under the
Program as detailed in the table below:
NYSE
Date |
Number of common shares purchased |
Average price per share excluding fees |
Consideration (*) excluding fees |
Consideration excluding fees |
|
|
($) |
(€) |
($) |
December 4, 2023 |
1,000,000 |
10.9568 |
10,081,707.77 |
10,956,800.00 |
(*) All translations determined from Euro
to/from US Dollar at the exchange rate reported by the European
Central Bank on the date of each purchase.
As of December 8, 2023, the Company held
61,747,861 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;
Hemisphere, a leading designer and manufacturer of
high-precision satellite-based positioning and heading
technologies; 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
- 20231213_PR_CNH_Industrial_Buyback_Periodic_Report
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