Turin, 21(st)June 2024 . Iveco Group N.V. (EXM: IVG) (the Company) announces the
launch of an initial tranche (up to EUR 60,000,000) of a share buyback program
with the aim of repurchasing up to 10,000,000 Common Shares for a maximum total allocation of EUR 130,000,000 for the whole buyback initiative, as per the
resolution taken by the Company's Annual General Meeting held on 17(th) April 2024 (the AGM).
To this end the Company entered into a buyback agreement with a primary financial institution (the Bank), which will manage the purchase of IVG Common Shares on Euronext Milan and on multilateral trading facilities, making its trading decisions in its sole discretion. The repurchased Common Shares will be used to meet the Company's obligations under its equity incentive plans, as existing from time to time. The initial tranche of the buyback program will end on 18(th) December 2024 (subject to suspension or early termination) and will be
carried out by the Bank according to the terms and conditions of the authorisation by 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.
Any changes to the information above will be promptly disclosed. The Company will report on the progress of the purchases in accordance with applicable rules.
As of today, the Company holds in treasury 457,865 Common Shares and 70,901
Special Voting Shares. No IVG shares are held by entities the Company controls.
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 (http://www.ivecogroup.com)
Media Contacts:
Francesco Polsinelli, Tel: +39 335 1776091
Helen Liu, Tel: +86 13564 257026
Fabio Lepore, Tel: +39 335 7469007
E-mail: mediarelations@ivecogroup.com (mailto:mediarelations@ivecogroup.com)
Investor Relations:
Federico Donati, Tel: +39 011 0073539
E-mail: investor.relations@ivecogroup.com
(mailto:investor.relations@ivecogroup.com)
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