Trinseo Announces New $200 Million Share Repurchase Program

Trinseo

WAYNE, PA — Trinseo (NYSE: TSE) announced that its Board of Directors recently authorized a new share repurchase program of up to $200 million of its ordinary shares, subject to certain parameters defined by the Board of Directors.

This new authorization, which expires in 18 months, follows the repurchase of the full $200 million authorization from December 2021. All repurchases will be carried out by way of redemption in accordance with Irish law and the Company’s constitutional documents.

Frank Bozich, President and Chief Executive Officer of Trinseo, commented, “Given our history of strong cash generation and our ongoing portfolio transformation, we view this as an opportune time to authorize a new share repurchase program.

“This should enable us to acquire shares in an accretive fashion to drive value for shareholders while growing the business in areas of specialty materials and sustainability.”

More For You

For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News.

Thanks for visiting! Looking for some Chester County pride? We got you covered! Shop our MyChesCo store and show your love for Chester County, Pennsylvania. We got shirts, hats, and more – all with a unique ChesCo flair. Plus, proceeds from each purchase helps support our mission of bringing reliable information and resources to the people of Chester County.