CNH Industrial Confirms Its Intention to Complete the Sixth Tranche of Its $300 Million Buyback Program
Basildon, October 12, 2023CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) confirms that it intends to conclude the sixth tranche of its $300 Million Buyback Program, with additional purchases equal to approximately $21.8 million. The $300 Million Buyback Program was announced on September 19, 2022 and was set to expire at the earlier of either the completion of purchases up to $300 million or on October 12, 2023. Funded by the Company’s liquidity, the Program is intended to optimize the capital structure of the Company and allow the Company to meet the obligations arising from the existing equity incentive plans. The purchases will be executed on Euronext Milan and on multilateral trading facilities (MTFs) in compliance with applicable laws and regulations and the terms and conditions of the existing authority granted by the general meeting of shareholders on April 14, 2023. The actual timing, number and value of common shares repurchased will depend on a number of factors, including the market conditions prevailing from time to time. CNH Industrial will continue to provide weekly updates on the progress of the Program via a press release and its website bit.ly/CNHI_Buyback. As of October 12, 2023, the Company holds 34,294,721 common shares in Treasury.