TI Fluid Systems PLC Transaction in Own Shares & Buy-back Update (8853W)
15 Dezembro 2023 - 4:00AM
UK Regulatory
TIDMTIFS
RNS Number : 8853W
TI Fluid Systems PLC
15 December 2023
15 December 2023
TI Fluid Systems plc
(the "Company")
Transaction in Own Shares and Update on Buy-back Programme
The Company today announces that it has purchased the following
number of its Ordinary Shares on Exchange (as defined in the Rules
of the London Stock Exchange) from Peel Hunt pursuant to its
Buy-back Programme, details of which were announced on 4 October
2023.
Date of purchase: 14/12/2023
Aggregate number of Ordinary Shares
purchased: 26,977
-----------
Lowest price paid per Ordinary Share
(GBp): 145.00
-----------
Highest price paid per Ordinary
Share (GBp): 145.00
-----------
Volume weighted average price paid
per Ordinary Share (GBp): 145.00
-----------
Broker PEEL HUNT
-----------
The Company intends to cancel the purchased Ordinary Shares.
Following settlement and cancellation of the above purchase of
Ordinary Shares, the Company will have 516,953,718 Ordinary Shares
in issue. This figure represents the total number of voting rights
in the Company and may be used by shareholders (and others with
notification obligations) as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 as it forms part of domestic law by virtue of and for the
purposes of the European Union (Withdrawal) Act 2018, as amended,
the schedule below contains detailed and aggregated information of
the individual trades made by Peel Hunt as part of the Buy-back
Programme.
Following this purchase, the Company has completed the first
EUR5m tranche (the "First Tranche") of the EUR40m Buy-back
Programme, announced on 4 October 2023.
Since the commencement of the Buy-back Programme, the Company
has purchased 3,315,423 Ordinary Shares on Exchange, representing
0.6% of the Company's issued share capital before commencement of
the Buy-back Programme, at an average price of 130.85 GBp per
Ordinary Share. The Ordinary Shares purchased have been, or will
shortly be, cancelled.
The Company also announces that a second tranche of the Buy-back
Programme, with a maximum consideration of EUR20m (the "Second
Tranche"), will commence from the date of this announcement. The
maximum consideration for the Second Tranche has been increased
from the anticipated tranche value of up to EUR5m, announced on 4
October 2023. The Ordinary Shares purchased under the Second
Tranche will be cancelled.
The Second Tranche will be carried out under the Agreement and
will take place during the period starting on 15 December 2023 and
ending no later than 13 May 2024. The Second Tranche is subject to
an irrevocable non-discretionary instruction issued by the Company
to Peel Hunt and Peel Hunt will make trading decisions in relation
to the Second Tranche of the Buy-back Programme independently of,
and without further instruction from, the Company.
Any purchases of Ordinary Shares under the Buy-back Programme
will be carried out on the London Stock Exchange in accordance with
certain pre-set parameters set out in the Agreement and in
accordance with (and subject to the limits prescribed by) the
Company's general authority to repurchase Ordinary Shares granted
by its shareholders at the 2023 AGM, Chapter 12 of the Financial
Conduct Authority's Listing Rules, Article 5(1) of the Market Abuse
Regulation (EU) No 596/2014 (as it forms part of domestic law by
virtue of the European Union (Withdrawal) Act 2018, as amended),
the Commission Delegated Regulation (EU) No 2016/1052 (as it forms
part of domestic law by virtue of the European Union (Withdrawal)
Act 2018, as amended), and other applicable laws.
The maximum number of Ordinary Shares that may be repurchased
under the Buy-back Programme is 52,026,914 Ordinary Shares,
representing approximately 10% of the Company's issued ordinary
share capital in issue as at 4 April 2023 (being the last
practicable date prior to the publication of the notice of the 2023
AGM). The Company will announce any market repurchase of Ordinary
Shares no later than 7.30 a.m. on the business day following the
calendar day on which such market repurchase occurred.
Capitalised terms used but not defined in this announcement have
the meanings given to them in the announcement by the Company
relating to the commencement of the Buy-back Programme published on
4 October 2023.
Enquiries:
TI Fluid Systems plc
Kellie McAvoy
Investor Relations
Tel: +44 7354 846374
FTI Consulting
Richard Mountain
Nick Hasell
Tel: +44 20 3727 1340
Schedule of Purchases - Individual Transactions
Number Transaction Market Transaction Transaction Reference
of shares price (pence Date & Time Number
purchased per share)
26,977 145.00 XLON 10:30:56 00156236892TRLO0
-------------- ------- ------------- ----------------------
About TI Fluid Systems plc
TI Fluid Systems is a global innovator of thermal and fluid
system solutions for the full range of current and developing
vehicle architectures. Serving all major automotive manufacturers,
with more than 100 years of automotive supply experience; TI Fluid
Systems operates across 27 countries with a commitment to improving
efficiency, performance and sustainability worldwide. To find out
more about TI Fluid Systems, visit www.tifluidsystems.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
POSFFWFILEDSEEE
(END) Dow Jones Newswires
December 15, 2023 02:00 ET (07:00 GMT)
Ti Fluid Systems (LSE:TIFS)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Ti Fluid Systems (LSE:TIFS)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024