Brief: CNH Industrial Approves $1 Bln Buyback Program, Delisting From Euronext Milan
07/11/2023 06:18
Nov 7 (Reuters) - CNH Industrial NV CNHI.MI :
* CNH INDUSTRIAL ANNOUNCES VOLUNTARY DELISTING FROM EURONEXT
MILAN
AND SINGLE LISTING ON THE NEW YORK STOCK EXCHANGE; CNH FURTHER
ANNOUNCES UP TO $1 BILLION SHARE BUYBACK PROGRAM
* COMPANY IS CONFIDENT THAT SINGLE LISTING ON NYSE WILL BE
EFFECTIVE AT BEGINNING OF JANUARY 2024
* DELISTING FROM EURONEXT MILAN WOULD TAKE EFFECT NO EARLIER
THAN
45 DAYS AFTER THE PUBLICATION BY BORSA ITALIANA OF ITS NOTICE
ARRANGING FOR DELISTING
* BUYBACK PROGRAM TO STARTS ON NOV 8 2023, TO FINISH ON
MARCH 1
2024
* FIRST PART OF BUYBACK WILL INVOLVE SHARE REPURCHASES
EQUIVALENT
TO UP TO EUR 400 MILLION WORTH OF THE COMPANY’S COMMON SHARES
BETWEEN NOV 8, 2023, AND DEC 29, 2023
* SECOND PART OF BUYBACK WILL INVOLVE SHARE REPURCHASES
FROM TIME
TO TIME OF UP TO THE REMAINING AUTHORIZED REPURCHASE, PURCHASES
WILL BE EXECUTED ON THE NYSE
Further company coverage: CNHI.MI
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48587720920;))