TI Fluid Systems plc (GB:TIFS) has released an update.
TI Fluid Systems plc has announced the purchase and subsequent cancellation of 100,000 of its Ordinary Shares as part of its ongoing Buy-back Programme, with the shares bought at a volume weighted average price of 130.40 GBp each. This latest transaction brings the total number of shares purchased under the program to over 20 million, impacting the company’s total number of voting rights and share value. The buy-back initiative, which began on October 4, 2023, aims to enhance shareholder value and reflects the company’s commitment to efficient capital management.
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