CNH Industrial Concludes $300 Million Share Buyback Initiative

On November 8, 2023, CNH Industrial N.V. CNHI, a major player in the agricultural and construction equipment sectors, announced the successful culmination of its share buyback program. The final tranche, amounting to $50 million, marked the completion of the substantial $300 million initiative, a move that reflects the company's commitment to delivering value to its shareholders.

Final Tranche Details

The last portion of the buyback, known as the 'Sixth Tranche,' was executed between October 30 and November 6, 2023. Throughout this period, CNH Industrial carried out the repurchase of shares through automated orders managed by their brokers. This strategy maintained independence from the company during the 'closed period' regulations. The total investment of the Sixth Tranche reached approximately €46.77 million (or $50 million), resulting in the acquisition of 4,089,301 common shares.

Comprehensive Buyback Program Breakdown

The breakaway from daily trading operations allowed the program to achieve optimal prices and timing, as evidenced by the details of the shares purchased on the final dates of the buyback. Instances such as the significant purchase of 240,000 shares on November 1, 2023, at an average price of €10.3023 per share highlight the program's strategic approach. With the buyback complete, CNH Industrial now holds 36,234,687 common shares in treasury.

Portfolio of CNH Industrial

Internationally recognized, CNH Industrial boasts an impressive portfolio that includes RGBD, CNHI, FOREX:EUR, and FOREX:USD. Its brand spectrum covers various sectors with products ranging from agricultural machinery to construction equipment, and expands into digital agriculture technologies and autonomous systems.

Global Presence

With a pioneering spirit over two centuries, CNH Industrial stands as a truly global entity, featuring over 40,000 employees and prides itself on driving customer success with a focus on innovation, sustainability, and productivity. The company is headquartered in London, UK, reinforcing its status as a multinational enterprise, underpinning its diverse and inclusive work environment.

Investors and stakeholders maintain access to company transactions and financial reports through easily accessible digital channels, indicative of CNH Industrial's transparency and dedication to good governance practices.

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