TI Fluid Systems plc (GB:TIFS) has released an update.
TI Fluid Systems plc has announced the purchase of 100,000 of its own Ordinary Shares at a volume weighted average price of 132.3659 GBp, with the intention to cancel them, reducing the total number of shares in issue to 499,104,654. This is part of a larger Buy-back Programme initiated on October 4, 2023, which has seen the company acquire 21,164,487 shares to date. The repurchase and cancellation of shares are routine financial activities aimed at managing the company’s capital structure and providing returns to shareholders.
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