AGM 2024 - AUTHORIZATION TO THE BOARD TO BUYBACK COMMON SHARES
On 21st June 2024, as per the resolution taken by the Annual General Meeting held on 17th April 2024, Iveco Group (“IVG” or the “Company”) announced the launch of an initial tranche (up to € 60,000,000) of its share buyback programme, with the aim of repurchasing up to 10,000,000 Common Shares with a maximum total allocation of € 130,000,000 for the whole buyback initiative, and for a period of 18 months from the date of the AGM.
This tranche of the buyback was completed on 18th September 2024. Purchases were carried out pursuant to the terms and conditions of the authorisation granted at the AGM, in compliance with all applicable laws and regulations, including the European Commission Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. The Company engaged a primary financial institution as the intermediary to manage the purchase of IVG Common Shares on Euronext Milan and on multilateral trading facilities, this entity making its trading decisions independently. Repurchased Common Shares were meant to be used to meet the Company’s obligations under its equity incentive plans, as existing from time to time.
Press Release
Weekly Detailed Disclosure
| Period | Number of shares acquired | Average price per share | Total amount in Euro | Details for the period |
|---|---|---|---|---|
| 24 Jun - 28 Jun 2024 | 300,000 | 10.5695 | 3,170,854.82 | |
| 1 Jul - 5 Jul 2024 | 320,000 | 10.4174 | 3,333,574.33 | |
| 8 Jul - 12 Jul 2024 | 239,000 | 10.8003 | 2,581,272.00 | |
| 15 Jul - 19 Jul 2024 | 205,000 | 11.4841 | 2,354,239.85 | |
| 22 Jul - 26 Jul 2024 | 430,000 | 10.0781 | 4,333,602.68 | |
| 29 Jul - 2 Aug 2024 | 635,000 | 9.2093 | 5,847,881.88 | |
| 5 Aug - 9 Aug 2024 | 690,000 | 8.5807 | 5,920,666.67 | |
| 12 Aug - 16 Aug 2024 | 545,000 | 8.7758 | 4,782,808.09 | |
| 19 Aug - 23 Aug 2024 | 655,000 | 9.0978 | 5,959,035.98 | |
| 26 Aug - 30 Aug 2024 | 573,000 | 9.3377 | 5,350,508.44 | |
| 2 Sept - 6 Sept 2024 | 740,000 | 8.9627 | 6,632,379.64 | |
| 9 Sept - 13 Sept 2024 | 750,000 | 8.6438 | 6,482,853.61 | |
| 16 Sept - 18 Sept 2024 | 363,377 | 8.9446 | 3,250,257.28 | |
| Total | 6,445,377 | 9.3090 | 59,999,935.27 |
AGM 2023 - AUTHORIZATION TO THE BOARD TO BUYBACK COMMON SHARES
On 14th April 2023, as per the resolution taken by the Annual General Meeting held on that same day, Iveco Group (“IVG” or the “Company”) announced the launch of an initial tranche (up to € 55,000,000) of its share buyback programme, with the aim of repurchasing up to 10,000,000 Common Shares with a maximum total allocation of € 130,000,000 for the whole buyback initiative, for a period of 18 months from the date of the AGM.
This tranche of the buyback was completed on 20th December 2023. Purchases were carried out pursuant to the terms and conditions of the authorisation granted at the AGM, in compliance with all applicable laws and regulations, including the European Commission Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. The Company engaged a primary financial institution as the intermediary to manage the purchase of IVG Common Shares on Euronext Milan and on multilateral trading facilities, this entity making its trading decisions independently. Repurchased Common Shares were meant to be used to meet the Company’s obligations under its equity incentive plans, as existing from time to time.
On 17th April 2024 at the AGM 2024, this authorization to buyback Common Shares was replaced by a new one.
Press Release
Weekly Detailed Disclosure
| Period | Number of shares acquired | Average price per share | Total amount in Euro | Details for the period |
|---|---|---|---|---|
| 14 Apr 2023 | 230,893 | 8.1227 | 1,875,480.02 | |
| 17 Apr - 21 Apr 2023 | 719,452 | 8.3050 | 5,975,023.07 | |
| 24 Apr - 28 Apr 2023 | 167,770 | 8.1936 | 1,374,648.49 | |
| 1 May - 5 May 2023 | 140,520 | 7.8336 | 1,100,776.70 | |
| 8 May - 12 May 2023 | 176,910 | 7.7605 | 1,372,906.21 | |
| 15 May - 19 May 2023 | 186,650 | 7.4247 | 1,385,826.82 | |
| 22 May - 26 May 2023 | 186,330 | 7.3493 | 1,369,391.67 | |
| 29 May - 2 Jun 2023 | 192,284 | 7.1632 | 1,377,369.39 | |
| 5 Jun - 9 Jun 2023 | 187,450 | 7.3293 | 1,373,883.07 | |
| 12 Jun - 16 Jun 2023 | 182,020 | 7.6273 | 1,388,315.08 | |
| 19 Jun - 23 Jun 2023 | 175,530 | 7.9179 | 1,389,828.24 | |
| 26 Jun - 30 Jun 2023 | 172,970 | 7.9949 | 1,382,873.35 | |
| 3 Jul - 7 Jul 2023 | 170,830 | 8.0565 | 1,376,291.75 | |
| 10 Jul - 14 Jul 2023 | 167,550 | 8.2866 | 1,388,419.52 | |
| 17 Jul - 21 Jul 2023 | 165,110 | 8.3248 | 1,374,514.52 | |
| 24 Jul - 28 Jul 2023 | 168,300 | 8.2550 | 1,389,308.14 | |
| 31 Jul - 4 Aug 2023 | 152,500 | 9.2020 | 1,403,311.16 | |
| 7 Aug - 11 Aug 2023 | 146,700 | 9.3266 | 1,368,212.03 | |
| 14 Aug - 18 Aug 2023 | 124,075 | 8.8845 | 1,102,341.03 | |
| 21 Aug - 25 Aug 2023 | 160,700 | 8.6090 | 1,383,474.01 | |
| 28 Aug - 1 Sept 2023 | 154,800 | 8.9362 | 1,383,322.77 | |
| 4 Sept - 8 Sept 2023 | 153,050 | 9.0139 | 1,379,572.35 | |
| 11 Sept - 15 Sept 2023 | 154,350 | 8.9417 | 1,380,153.15 | |
| 18 Sept - 22 Sept 2023 | 153,800 | 8.9767 | 1,380,622.13 | |
| 25 Sept - 29 Sept 2023 | 151,850 | 9.0882 | 1,380,048.96 | |
| 2 Oct - 6 Oct 2023 | 133,786 | 8.8173 | 1,179,633.19 | |
| 9 Oct - 13 Oct 2023 | 154,350 | 8.8683 | 1,368,828.08 | |
| 16 Oct - 20 Oct 2023 | 160,180 | 8.4847 | 1,359,071.65 | |
| 23 Oct - 27 Oct 2023 | 175,320 | 7.8543 | 1,377,017.78 | |
| 30 Oct - 3 Nov 2023 | 182,300 | 7.5404 | 1,374,609.68 | |
| 6 Nov 2023 - 10 Nov 2023 | 190,900 | 7.0630 | 1,348,324.12 | |
| 13 Nov 2023 - 17 Nov 2023 | 192,200 | 7.2259 | 1,388,809.84 | |
| 20 Nov 2023 - 24 Nov 2023 | 190,100 | 7.2367 | 1,375,704.79 | |
| 27 Nov 2023 - 1 Dec 2023 | 186,900 | 7.3865 | 1,380,542.03 | |
| 4 Dec 2023 - 8 Dec 2023 | 176,700 | 7.8078 | 1,379,641.73 | |
| 11 Dec 2023 - 15 Dec 2023 | 139,805 | 7.8869 | 1,102,627.71 | |
| 18 Dec 2023 - 20 Dec 2023 | 165,056 | 7.9320 | 1,309,217.49 | |
| Grand total | 6,789,991 | 8.1001 | 54,999,941.72 |