International Container Terminal Services, Inc. (ICTSI), a leading global port management company, has repurchased a total of PHP14.65 billion worth of its common shares under its ongoing corporate share buy-back program.
The cumulative total reflects shares systematically acquired by the company from the program’s inception on September 1, 2015, to date. This financial milestone underscores ICTSI’s ongoing commitment to enhancing shareholder value and reflects confidence in the company’s robust long-term financial health and operational performance.
The comprehensive buy-back initiative is anchored on multiple authorizations granted by the ICTSI Board of Directors across several key resolutions: September 16, 2015, November 17, 2016, November 26, 2018, and October 10, 2019.
Collectively, these board-approved authorizations empower the company to repurchase up to 110 million shares. The aggregate figure of PHP14.65 billion represents the total cost of the cumulative number of shares purchased to date under this multi-year mandate.
Headquartered in Manila, International Container Terminal Services, Inc. is in the business of acquiring, developing, and operating container ports and terminals worldwide.
Recognized as an industry leader in port operations, ICTSI continues to expand its global footprint while maintaining a strong balance sheet focused on delivering sustainable returns to its investors.
