TI Fluid Systems plc commences an Equity Buyback Plan for 52,026,914 shares, representing 10% of its issued share capital, under the authorization approved on May 16, 2023.

TI Fluid Systems plc (LSE:TIFS) announces a share repurchase program. Under the program, the company will repurchase up to ?40 million worth of its shares. The program will be executed in a series of tranches each up to a maximum consideration of ?5 million.

Under the first trance, the company will repurchase up to ?5 million worth of its shares. The purpose of the program is to reduce share capital of the company. The repurchases under the tranche will commence from today and will end no later than March 29, 2024.