TI Fluid Systems plc (GB:TIFS) has released an update.
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TI Fluid Systems has announced a buy-back of 100,000 of its Ordinary Shares at a volume weighted average price of 135.40 GBp per share, with the intent to cancel them, which will leave the company with 498,504,654 shares in issue. This recent transaction is part of an ongoing Buy-back Programme initiated on October 4, 2023, under which the company has thus far repurchased 21,764,487 shares at an average price of 139.68 GBp. This move could signal confidence in the company’s financial health and potentially affect shareholder value.
For further insights into GB:TIFS stock, check out TipRanks’ Stock Analysis page.
