CNH 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.
