Iveco Group: periodic report on the buyback program

Turin, 22nd December 2023. Iveco Group N.V. (EXM: IVG) announces that the Company completed on a daily basis, starting from 18th December 2023 to 20th December 2023 the following transactions:

Date Number of repurchased Common Shares Average net price (euro) Total net consideration (euro)
18 December 2023 55,700 7.8789 438,853.65
19 December 2023 55,000 7.9187 435,530.74
20 December 2023 54,356 7.9997 434,833.10
Total 165,056 7.9320 1,309,217.49

With the purchases described above the Company completed the initial tranche up to €55,000,000 of the share buyback program announced on 14th April 2023, based on the authorization to repurchase up to 10,000,000 Common Shares with a maximum total allocation of €130,000,000, granted by the Annual General Meeting held on the same date.

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 35,000 people around the world and has 20 industrial sites and 29 R&D centres. Further information is available on the Company’s website www.ivecogroup.com

Media Contacts:
Francesco Polsinelli, Tel: +39 335 1776091
Fabio Lepore, Tel: +39 335 7469007
E-mail: mediarelations@ivecogroup.com

Investor Relations:
Federico Donati, Tel: +39 011 0073539
E-mail: investor.relations@ivecogroup.com

Attachment

GlobeNewswire Distribution ID 1000905866

The Yacht Club de Monaco celebrates sporting and environmental achievements of 2023

MONACO, Dec. 22, 2023 (GLOBE NEWSWIRE) — (LaPresse)  – To celebrate an eventful 2023 and the 70th anniversary of the Yacht Club de Monaco, Prince Albert II of Monaco, president of Yacht Club de Monaco, rewarded the Club members at the usual winter cocktail.  An event aiming not only to reward the Club’s ambassadors but also to celebrate the arrival of new members and reveal the roadmap for the next season. “These celebrations have allowed us to celebrate seventy years of navigation and unforgettable encounters”, said Prince Albert II.

“Yachting is also synonymous with sporting performance and values that are close to my heart,” continued the Sovereign. Gold medal at the Small States Games in the ILCA 4 category, world champion titles in the Finn, RC44, Swan50 and 5.5 categories, a victory at the Voiles de Saint-Tropez for Tuiga, the Club’s flagship: this year’s performances have marked the life of the Club, which continues to grow and shine through its members. 2024 will be a year dedicated to sport with the organization of the Olympic Games and the possible selection of a sailor from the Club, the 37th edition of the America’s Cup which will be held in Barcelona and where some members of the Club will take part, without forgetting the Vendée Globe. The IMOCA Malizia-Seaexplorer of the Malizia team, founded by Pierre Casiraghi, vice-president of the Y.C.M., and skippered by Boris Herrmann, will once again take part in the round-the-world race. “The idea is to cover as many miles as possible before the start,” explains Pierre Casiraghi, “we are trying to gain experience on our IMOCA so that we know it as well as possible”.

The highlight of the evening was the awarding of the Ubs YCM Sailor of the Year 2023 trophy. This year’s winner is Nico Poons, world champion in the RC44 category. Poons said he was very “honored” to receive this award. “There are five world champions in this club. I’ve won before, 14 years ago, but competition has since then very much improved. 2023 was a very good year for us. We had 5 regattas in this season and one of them is the ‘Worlds’ which I have won but I also won the whole season and it’s more of a prestation then only the Worlds”, he said.  Among the nominated expert helmsmen, all members of the YCM: Edward Wright, world champion Finn and 5.5, Leonardo Ferragamo, world champion Swan50, Benoît de Froidmont, victorious in the IMA Inshore Challenge, Giangiacomo Serena di Lapigio, world champion in Swan36 , Vladimir Prosikhin, 3rd in the RC44 world championship, Graeme Peterson, vice-world champion in the Swan50 and Joost Schuijff, winner of the Rolex Middle Sea Race (Monohull Line of Honours). “This is a very important night in the life of the club. 2023 was an exceptional year, with five world titles. It illustrates the passion that unites us with our members,” said Bernard d’Alessandri, Secretary and General Manager of the Yacht Club de Monaco.

The younger ones were also in the spotlight with the presentation of the 2023 YCM Youth Awards. For the third time in his career, Noah Garcia won recognition for an outstanding season with a gold medal in the Small States Games in ILCA 4, then a 4th place in the French championship in ILCA 6.

Sustainable boating, another protagonist of the evening. “The best way to predict the future is to create it”. Paraphrasing the theorist Peter Drucker, Prince Albert II of Monaco recalled the importance of the work done today to build a sustainable future. Through the SEA Index, the first system to calculate the carbon footprint for yachts, the Monaco Energy Boat Challenge which brings together industry and a new generation of engineers to test and develop new technologies and alternative energies, without forgetting the YCM Explorers Awards “which echo the first expeditions led by my great-grandfather, Prince Albert I”, the Sovereign welcomed the action of the Y.C.M. and encouraged their research.

The opportunity was also taken to return to the commitment of the shipowners, “witnesses to the state of the planet, like our friend Mike Horn, who left Monaco for a 4-year adventure around the world, called Whats’Left”. A Ycm delegation also had the privilege of joining him for a few days in Greenland, on board his vessel Pangea.

“It is our responsibility to lead the way and serve as a model for promoting practices in sustainable recreational boating. Because collectively we must prepare for the future to write the new pages of our history which I hope are decidedly environmentalist” continued the President of the Club. 2024 will mark the 10 years of new Club House. Designed by Lord Foster, the Monaco Yacht Club provides an active contribution to the Principality’s action, with a proactive and committed policy. “We work closely with the main players in the sector, through our think tank, to develop international actions” thus allowing Monaco to position itself as a reference in cutting-edge yachting, echoing the collective approach ‘Monaco, Capital of Advanced Yachting ‘.

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

GlobeNewswire Distribution ID 9009049

Mermec: Agreement with KiwiRail for railway safety in New Zealand

Luca Necchi Ghiri

Luca Necchi Ghiri, CEO of the Mermec Group

ROME, Dec. 22, 2023 (GLOBE NEWSWIRE) — Agreement between Mermec Australia and KiwiRail for the safety of railways in New Zealand. Mermec Australia, a company within the Mermec Group specialising in technologies for railway safety and maintenance – part of Angel Holding, which, under the guidance of President Vito Pertosa, develops solutions for the rail, digital mechatronics, and aerospace sectors – has signed a contract with KiwiRail, the largest railway transport operator in New Zealand, for advanced diagnostics of the national railway infrastructure. The contract involves the supply of a diagnostic vehicle equipped with 12 innovative Mermec systems for the inspection and measurement of 3,700 km of the network, enhancing safety, reliability, and the quality of railway services. The vehicle will provide a comprehensive track analysis using hi-tech laser technology, sensors, cameras, measurement systems, and data management, all in real-time and at speed, with a focus on sustainability.

According to Luca Necchi Ghiri, CEO of the Mermec Group, “This is a significant step that confirms our leadership position in the Oceania region and expands the international presence of the Mermec Group, including New Zealand among the countries where it operates. This success, reinforced by the supply of four diagnostic vehicles in Australia, is further evidence of the high standards achieved by Italian Mermec technology in the sector. I thank the entire team and Roberto Caporusso, Executive Director of Mermec Australia, for this milestone. Now, we are ready to start collaborating with KiwiRail to contribute to the safety and efficiency of the New Zealand railway network.”

The agreement, explained David Gordon, Chief Capital Planning and Asset Development Officer at KiwiRail, “is part of KiwiRail’s commitment to minimise the risks of disruptions to the railway network. Mermec’s new diagnostic train will improve the safety and efficiency performance of the entire national railway infrastructure.”

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/63d492aa-e46c-4e8c-b3a2-11d139142648

GlobeNewswire Distribution ID 9008983

INSEAD acknowledges Eavor CEO John Redfern with their sustainability award for 2023

JR INSEAD

INSEAD JR

CALGARY, Alberta and SAN FRANCISCO, Dec. 21, 2023 (GLOBE NEWSWIRE) — The Co-Founder, President and CEO of Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal closed-loop technology, has been awarded the inaugural INSEAD Business Sustainability Award at the INSEAD Americas Conference of 2023.

Redfern’s achievement demonstrates dedication to building more sustainable business models and solutions. This recognition assists in acknowledging efforts to meet sustainability objectives, and that clean technology is at the forefront of innovative thinking and investment opportunities.

“It’s a great honour to receive this award, not just as a reflection of Eavor’s technology, but because dreams of creating a cleaner economy are being acknowledged by one of the leading business schools in the world. I’m confident that future ideas will be nurtured by INSEAD, and its alumni network, and that they will facilitate sustainable business practices for many years to come,” said John Redfern, President and CEO of Eavor.

“INSEAD is proud to count Eavor as one of the companies founded by alumni that are a force for good in the world. Their exciting technology truly has the promise of delivering significant energy to the world that is Clean, Secure and Sustainable. It is a simple as that,” said Karel Cool, Professor of Strategic Management, INSEAD.

The Americas Conference at the INSEAD San Francisco Hub for Business Innovation offered a platform for reimagining and discussing the modernity of innovation and sustainability, and it enabled participants to actively implement new concepts and goals in order to drive business as a positive force to achieve net zero ambitions.

The conference focuses on integrating environmental, social, and financial considerations into decision-making. This includes the announcement of the INSEAD Business Sustainability Awards winners.

Receiving the INSEAD Business Sustainability Award underscores the pivotal role of Eavor in advancing clean technology on a global scale. As the energy landscape continues to evolve, sustainability has become a core value in contemporary business practices, and Eavor is dedicated to continuing its leadership in this energy transition.

About Eavor Technologies Inc.

Eavor (pronounced “Ever”) is a technology-based energy company led by a team dedicated to creating a clean, reliable, and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop™) represents the world’s first truly scalable form of clean, dispatchable, baseload capable, and flexible heat and power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid that is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This radiator simply collects heat from the natural geothermal gradient of the Earth via conduction. Eavor has been supported by equity investments made by several leading global energy producers, investors, developers, and venture capital funds including Vickers Venture Partners, bp Ventures, Chubu Electric Power, BDC Capital, Temasek, Chevron Technology Ventures, BHP Ventures, Helmerich & Payne, Precision Drilling and now, OMV. info@eavor.com – Eavor.com

About INSEAD, The Business School for the World

As one of the world’s leading and largest graduate business schools, INSEAD brings together people, cultures and ideas to develop responsible leaders who transform business and society. Our research, teaching and partnerships reflect this global perspective and cultural diversity. With locations in Europe (France), Asia (Singapore), the Middle East (Abu Dhabi), and now North America (San Francisco), INSEAD’s business education and research spans four regions. Our 162 renowned Faculty members from 40 countries inspire more than 1,300 degree participants annually in our Master in Management, MBA, Global Executive MBA, Specialized Master’s degrees (Executive Master in Finance and Executive Master in Change) and PhD programmes. In addition, more than 10,000 executives participate in INSEAD Executive Education programmes each year. INSEAD continues to conduct cutting-edge research and innovate across all our programmes. We provide business leaders with the knowledge and awareness to operate anywhere. Our core values drive academic excellence and serve the global community as The Business School for the World.

Contact Data

Eavor Technologies Inc.
John Redfern
President & CEO
John.Redfern@eavor.com
Tel: +1-650-269-2501

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c4cb53cd-2078-43fa-9956-67953e1707c5

GlobeNewswire Distribution ID 9008327

INSEAD acknowledges Eavor CEO John Redfern with their sustainability award for 2023

JR INSEAD

INSEAD JR

CALGARY, Alberta and SAN FRANCISCO, Dec. 21, 2023 (GLOBE NEWSWIRE) — The Co-Founder, President and CEO of Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal closed-loop technology, has been awarded the inaugural INSEAD Business Sustainability Award at the INSEAD Americas Conference of 2023.

Redfern’s achievement demonstrates dedication to building more sustainable business models and solutions. This recognition assists in acknowledging efforts to meet sustainability objectives, and that clean technology is at the forefront of innovative thinking and investment opportunities.

“It’s a great honour to receive this award, not just as a reflection of Eavor’s technology, but because dreams of creating a cleaner economy are being acknowledged by one of the leading business schools in the world. I’m confident that future ideas will be nurtured by INSEAD, and its alumni network, and that they will facilitate sustainable business practices for many years to come,” said John Redfern, President and CEO of Eavor.

“INSEAD is proud to count Eavor as one of the companies founded by alumni that are a force for good in the world. Their exciting technology truly has the promise of delivering significant energy to the world that is Clean, Secure and Sustainable. It is a simple as that,” said Karel Cool, Professor of Strategic Management, INSEAD.

The Americas Conference at the INSEAD San Francisco Hub for Business Innovation offered a platform for reimagining and discussing the modernity of innovation and sustainability, and it enabled participants to actively implement new concepts and goals in order to drive business as a positive force to achieve net zero ambitions.

The conference focuses on integrating environmental, social, and financial considerations into decision-making. This includes the announcement of the INSEAD Business Sustainability Awards winners.

Receiving the INSEAD Business Sustainability Award underscores the pivotal role of Eavor in advancing clean technology on a global scale. As the energy landscape continues to evolve, sustainability has become a core value in contemporary business practices, and Eavor is dedicated to continuing its leadership in this energy transition.

About Eavor Technologies Inc.

Eavor (pronounced “Ever”) is a technology-based energy company led by a team dedicated to creating a clean, reliable, and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop™) represents the world’s first truly scalable form of clean, dispatchable, baseload capable, and flexible heat and power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid that is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This radiator simply collects heat from the natural geothermal gradient of the Earth via conduction. Eavor has been supported by equity investments made by several leading global energy producers, investors, developers, and venture capital funds including Vickers Venture Partners, bp Ventures, Chubu Electric Power, BDC Capital, Temasek, Chevron Technology Ventures, BHP Ventures, Helmerich & Payne, Precision Drilling and now, OMV. info@eavor.com – Eavor.com

About INSEAD, The Business School for the World

As one of the world’s leading and largest graduate business schools, INSEAD brings together people, cultures and ideas to develop responsible leaders who transform business and society. Our research, teaching and partnerships reflect this global perspective and cultural diversity. With locations in Europe (France), Asia (Singapore), the Middle East (Abu Dhabi), and now North America (San Francisco), INSEAD’s business education and research spans four regions. Our 162 renowned Faculty members from 40 countries inspire more than 1,300 degree participants annually in our Master in Management, MBA, Global Executive MBA, Specialized Master’s degrees (Executive Master in Finance and Executive Master in Change) and PhD programmes. In addition, more than 10,000 executives participate in INSEAD Executive Education programmes each year. INSEAD continues to conduct cutting-edge research and innovate across all our programmes. We provide business leaders with the knowledge and awareness to operate anywhere. Our core values drive academic excellence and serve the global community as The Business School for the World.

Contact Data

Eavor Technologies Inc.
John Redfern
President & CEO
John.Redfern@eavor.com
Tel: +1-650-269-2501

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c4cb53cd-2078-43fa-9956-67953e1707c5

GlobeNewswire Distribution ID 9008327

INSEAD acknowledges Eavor CEO John Redfern with their sustainability award for 2023

JR INSEAD

INSEAD JR

CALGARY, Alberta and SAN FRANCISCO, Dec. 21, 2023 (GLOBE NEWSWIRE) — The Co-Founder, President and CEO of Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal closed-loop technology, has been awarded the inaugural INSEAD Business Sustainability Award at the INSEAD Americas Conference of 2023.

Redfern’s achievement demonstrates dedication to building more sustainable business models and solutions. This recognition assists in acknowledging efforts to meet sustainability objectives, and that clean technology is at the forefront of innovative thinking and investment opportunities.

“It’s a great honour to receive this award, not just as a reflection of Eavor’s technology, but because dreams of creating a cleaner economy are being acknowledged by one of the leading business schools in the world. I’m confident that future ideas will be nurtured by INSEAD, and its alumni network, and that they will facilitate sustainable business practices for many years to come,” said John Redfern, President and CEO of Eavor.

“INSEAD is proud to count Eavor as one of the companies founded by alumni that are a force for good in the world. Their exciting technology truly has the promise of delivering significant energy to the world that is Clean, Secure and Sustainable. It is a simple as that,” said Karel Cool, Professor of Strategic Management, INSEAD.

The Americas Conference at the INSEAD San Francisco Hub for Business Innovation offered a platform for reimagining and discussing the modernity of innovation and sustainability, and it enabled participants to actively implement new concepts and goals in order to drive business as a positive force to achieve net zero ambitions.

The conference focuses on integrating environmental, social, and financial considerations into decision-making. This includes the announcement of the INSEAD Business Sustainability Awards winners.

Receiving the INSEAD Business Sustainability Award underscores the pivotal role of Eavor in advancing clean technology on a global scale. As the energy landscape continues to evolve, sustainability has become a core value in contemporary business practices, and Eavor is dedicated to continuing its leadership in this energy transition.

About Eavor Technologies Inc.

Eavor (pronounced “Ever”) is a technology-based energy company led by a team dedicated to creating a clean, reliable, and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop™) represents the world’s first truly scalable form of clean, dispatchable, baseload capable, and flexible heat and power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid that is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This radiator simply collects heat from the natural geothermal gradient of the Earth via conduction. Eavor has been supported by equity investments made by several leading global energy producers, investors, developers, and venture capital funds including Vickers Venture Partners, bp Ventures, Chubu Electric Power, BDC Capital, Temasek, Chevron Technology Ventures, BHP Ventures, Helmerich & Payne, Precision Drilling and now, OMV. info@eavor.com – Eavor.com

About INSEAD, The Business School for the World

As one of the world’s leading and largest graduate business schools, INSEAD brings together people, cultures and ideas to develop responsible leaders who transform business and society. Our research, teaching and partnerships reflect this global perspective and cultural diversity. With locations in Europe (France), Asia (Singapore), the Middle East (Abu Dhabi), and now North America (San Francisco), INSEAD’s business education and research spans four regions. Our 162 renowned Faculty members from 40 countries inspire more than 1,300 degree participants annually in our Master in Management, MBA, Global Executive MBA, Specialized Master’s degrees (Executive Master in Finance and Executive Master in Change) and PhD programmes. In addition, more than 10,000 executives participate in INSEAD Executive Education programmes each year. INSEAD continues to conduct cutting-edge research and innovate across all our programmes. We provide business leaders with the knowledge and awareness to operate anywhere. Our core values drive academic excellence and serve the global community as The Business School for the World.

Contact Data

Eavor Technologies Inc.
John Redfern
President & CEO
John.Redfern@eavor.com
Tel: +1-650-269-2501

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c4cb53cd-2078-43fa-9956-67953e1707c5

GlobeNewswire Distribution ID 9008327