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CNH Industrial: Periodic Report on $1 Billion Buyback Program

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CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) completed transactions under its €400 million share buyback program, purchasing a total of 3,268,000 common shares for approximately €31,150,500.80 ($33,270,534.25). As of November 10, 2023, the company held 39,502,687 common shares in Treasury. The company's purpose is centered on Innovation, Sustainability, and Productivity, driving its global and regional Brands.
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Basildon, November 17, 2023

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that under the €400 million component of its $1 billion share buyback program the Company completed transactions in the period November 8, 2023 through November 10, 2023, reported in aggregate, as set forth in the table below.  

Date Number of common shares purchased Average price
per share
excluding fees
Consideration
excluding fees
Consideration (*)
excluding fees
    (€) (€) ($)
November 8, 2023 1,298,000 9.6461 12,520,637.80 13,360,772.60
November 9, 2023 970,000 9.6379 9,348,763.00 9,994,762.52
November 10, 2023 1,000,000 9.2811 9,281,100.00 9,914,999.13
  3,268,000 - 31,150,500.80 33,270,534.25

(*) 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 10, 2023, the Company held 39,502,687 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

 

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FAQ

How many common shares did CNH Industrial purchase in the buyback program?

CNH Industrial purchased a total of 3,268,000 common shares in the buyback program.

What is the average price per share for the shares purchased?

The average price per share for the shares purchased ranged from 9.2811 to 9.6461 euros.

What is the company's purpose?

The company's purpose is centered on Innovation, Sustainability, and Productivity, driving its global and regional Brands.

CNH INDUSTRIAL N.V.

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