CNH Industrial: Periodic Report on $300 Million Buyback Program

Rhea-AI Summary

CNH Industrial completes transactions under $50 million share buyback program. Total invested amount in the Sixth Tranche is approximately €21,868,112.36 ($23,678,032.88) or a total amount of 1,771,134 common shares purchased. As of September 30, 2023, the Company held 33,916,520 common shares in Treasury.

Positive

• CNH Industrial completes transactions under $50 million share buyback program, investing approximately €21,868,112.36 ($23,678,032.88) in the Sixth Tranche. This could positively impact the stock price as it shows the company's confidence in its own shares.

Negative

• None.

Basildon, October 4, 2023

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that under the sixth $50 million tranche (the “Sixth Tranche”) of its $300 million share buyback program the Company completed transactions in the period September 18, 2023 to September 22, 2023, reported in aggregate, 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 €21,868,112.36 ($23,678,032.88) or a total amount of 1,771,134 common shares purchased.

Date	Number of common shares purchased	Average price per share excluding fees	Consideration excluding fees	Consideration (*) excluding fees
		(€)	(€)	($)
September 25, 2023	87,600	11.3821	997,071.96	1,060,186.62
September 26, 2023	69,635	11.3500	790,357.25	838,173.86
	157,235	-	1,787,429.21	1,898,360.48

(*) 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 September 30, 2023, the Company held 33,916,520 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

• 20231004_PR_CNH_Industrial_Buyback_Periodic_Report

FAQ

What is the total invested amount in the Sixth Tranche of CNH Industrial's share buyback program?

The total invested amount in the Sixth Tranche is approximately €21,868,112.36 ($23,678,032.88).

How many common shares were purchased under the Sixth Tranche?

A total of 1,771,134 common shares were purchased under the Sixth Tranche.

How many common shares does CNH Industrial currently hold in Treasury?

As of September 30, 2023, CNH Industrial holds 33,916,520 common shares in Treasury.

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

The purpose of CNH Industrial's share buyback program is to invest in its own shares and show confidence in the company.