Trinseo Announces New $200 Million Share Repurchase Program

WAYNE, Pa.--(BUSINESS WIRE)--Trinseo (NYSE: TSE), a specialty material solutions provider, today announced that its Board of Directors 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.”

About Trinseo

Trinseo (NYSE: TSE) a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainability-focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.

From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers’ unique challenges in a wide range of industries, including consumer goods, mobility, building and construction, and medical.

Trinseo’s approximately 3,400 employees bring endless creativity to reimagining the possibilities with clients all over the world from the company’s locations in North America, Europe, and Asia Pacific. Trinseo reported net sales of approximately $4.8 billion in 2021. Discover more by visiting www.trinseo.com and connecting with Trinseo on LinkedIn, Twitter, Facebook and WeChat.

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