CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that under a first tranche of its $50 million share buyback (the “Tranche”) in the framework of its $300 million common share buyback program, the Company completed transactions in the period November 14, 2022 to November 17, 2022 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 Tranche, the total invested amount is approximately €50,624,563.63 ($49,999,988.36) for a total amount of 4,103,922 common shares purchased.
Date | Number of common shares purchased | Average price per share excluding fees | Consideration excluding fees | Consideration (*) excluding fees |
(€) | (€) | ($) | ||
November 15, 2022 | 52,382 | 14.4980 | 759,434.24 | 790,115.38 |
November 16, 2022 | 191,761 | 14.4827 | 2,777,217.03 | 2,891,638.38 |
November 17, 2022 | 154,119 | 14.4606 | 2,228,653.21 | 2,299,747.25 |
398,262 | - | 5,765,304.48 | 5,981,501.00 |
(*) 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 18, 2022, the Company held 20,226,377 common shares, net of the common shares already delivered to fulfill its obligations arising from equity incentive plans.
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: bit.ly/CNHI_Buyback.
London, November 23, 2022