Iveco Group: periodic report and completion of the initial tranche of the buyback program
September 20 2024 - 11:50AM
Turin, 20th September 2024. Iveco Group N.V.
(EXM: IVG) announces that the Company completed on a daily basis,
starting from 16th September 2024 to 18th September 2024 the
following transactions:
|
Date |
Number of purchased Common Shares |
Average net price (euro) |
Total net consideration (euro) |
|
16 September 2024 |
140,000 |
8.7986 |
1,231,800.23 |
|
17 September 2024 |
160,000 |
8.9956 |
1,439,298.99 |
|
18 September 2024 |
63,377 |
9.1383 |
579,158.06 |
|
Total |
363,377 |
8.9446 |
3,250,257.28 |
With the purchases described above the Company
completed the initial tranche up to €60,000,000 of the share
buyback program announced on 21st June 2024, based on the
authorization to repurchase up to 10,000,000 Common Shares with a
maximum total allocation of €130,000,000 for the whole buyback
initiative, granted by the Annual General Meeting held on 17th
April 2024.
A comprehensive overview of the details of the
above transactions as well as the overall purchases related to the
initial tranche of such share buyback program, are available on the
Company’s corporate website at the following address:
https://www.ivecogroup.com/investors/stock_information/share_buyback.
Iveco Group N.V. (EXM: IVG) is
the home of unique people and brands that power your business and
mission to advance a more sustainable society. The eight brands are
each a major force in its specific business: IVECO, a pioneering
commercial vehicles brand that designs, manufactures, and markets
heavy, medium, and light-duty trucks; FPT Industrial, a global
leader in a vast array of advanced powertrain technologies in the
agriculture, construction, marine, power generation, and commercial
vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium
bus and coach brands; IDV, for highly specialised defence and civil
protection equipment; ASTRA, a leader in large-scale heavy-duty
quarry and construction vehicles; MAGIRUS, the industry-reputed
firefighting vehicle and equipment manufacturer; and IVECO CAPITAL,
the financing arm which supports them all. Iveco Group employs more
than 36,000 people around the world and has 20 industrial sites and
31 R&D centres. Further information is available on the
Company’s website www.ivecogroup.com
Media
Contacts:Francesco Polsinelli, Tel: +39
335 1776091Fabio Lepore, Tel: +39 335 7469007E-mail:
mediarelations@ivecogroup.com
Investor Relations:Federico Donati, Tel: +39
011 0073539 E-mail: investor.relations@ivecogroup.com
- 20240920_PR_Iveco_Group_buyback_program
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