CNH Industrial: Completion of $300 million Buyback Program

Rhea-AI Summary

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) completes its sixth and final $50 million tranche of its $300 million share buyback program. The Company has purchased a total of 4,089,301 common shares at an average price per share of $10.35, investing approximately $50 million. The details of the transactions are available on the Company's corporate website under the Buyback Programs section at cnhindustrial.com/BuyBack.

Basildon, November 8, 2023

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that it has completed its sixth and final $50 million tranche (the “Sixth Tranche”) of its $300 million share buyback program. The Company completed transactions in the period October 30 through November 6, 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 Sixth Tranche, the total invested amount in the Sixth Tranche is approximately €46,768,174.09 ($50,000,004.01) or a total amount of 4,089,301 common shares purchased.

Date	Number of common shares purchased	Average price per share excluding fees	Consideration excluding fees	Consideration (*) excluding fees
		(€)	(€)	($)
October 30, 2023	159,751	10.2417	1,636,121.82	1,735,107.19
October 31, 2023	3,153	10.1153	31,893.54	33,867.75
November 1, 2023	240,000	10.3023	2,472,552.00	2,605,328.04
November 6, 2023	37,185	10.6508	396,050.00	425,397.30
	440,089	-	4,536,617.36	4,799,700.28

(*) 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 November 8, 2023, the Company held 36,234,687 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 Relations
Email: mediarelations@cnhind.com

Investor Relations
Email: investor.relations@cnhind.com

 

Attachment

• 20231108_PR_CNH_Industrial_Buyback_Periodic_Report

FAQ

What is the purpose of CNH Industrial N.V.'s share buyback program?

The purpose of the share buyback program is to invest in the company's own common shares.

How many common shares did CNH Industrial N.V. purchase in the sixth tranche?

CNH Industrial N.V. purchased a total of 4,089,301 common shares.

What is the average price per share of the common shares purchased?

The average price per share of the common shares purchased is $10.35.

Where can the details of the transactions be found?

The details of the transactions are available on the Company's corporate website under the Buyback Programs section at cnhindustrial.com/BuyBack.