CNH Industrial: Completion of fifth $50 million tranche of $300 million Buyback Program

Rhea-AI Summary

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) Completes Fifth Tranche of $50 Million Common Share Buyback Program

Positive

• The completion of the fifth tranche of the buyback program demonstrates the company's commitment to returning value to shareholders.
• The total invested amount of approximately $49,999,989.60 for a total amount of 3,453,914 common shares purchased reflects a significant investment in the company's own shares.

Negative

• None.

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 Relations
Email: mediarelations@cnhind.com

Investor Relations
Email: investor.relations@cnhind.com

 

Attachment

• 20230802_PR_CNH_Industrial_Buyback_Periodic_Report

FAQ

What is CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announcing?

CNH Industrial N.V. has completed the fifth $50 million tranche of its common share buyback program.

What is the total amount invested in the buyback program?

The total invested amount is approximately $49,999,989.60 for a total amount of 3,453,914 common shares purchased.

Where can I find details of the buyback program transactions?

Details of the transactions, including the regulated markets where the purchases were made, are available on the Company’s corporate website under the Buyback Programs section at cnhindustrial.com/BuyBack.