TI Fluid Systems plc (GB:TIFS) has released an update.
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TI Fluid Systems plc announced the repurchase of 100,000 of its Ordinary Shares under its Buy-back Programme, with the intention to cancel them, thus reducing the total number of shares in issue and consequently affecting voting rights. This latest transaction is part of a larger buy-back initiative that started on 4 October 2023, where the company has since repurchased over 21 million shares. The buy-back scheme is part of the company’s effort to manage its capital structure and deliver value to shareholders.
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