CNH Industrial: periodic report on the buy-back program
CNH Industrial N. V. (NYSE: CNHI / MI: CNHI) announces that, under the common share buy- back program currently in place, the Company has completed the transaction 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).
As of May 1, 2022, the Company held 9,882,327 common shares, net of the common shares already delivered to fulfill its obligations arising from equity incentive plans.
On March 1, 2022, CNH Industrial launched a share buyback program (the «Program») involving the repurchase from time to time of up to ˆ100 million worth of the Company’s common shares between now and October 14, 2022. The Program is intended to optimize the capital structure of the Company and to meet the obligations arising from the Company’s equity incentive plans. The Program implemented the resolution adopted by the Shareholders’ Meeting held on April 15, 2021 and had a duration up to and including October 14, 2022.