Tranche Update on International Container Terminal Services, Inc.'s Equity Buyback Plan announced on November 26, 2018.
March 11, 2021 at 07:26 pm EST
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From October 1, 2020 to December 31, 2020, the company has repurchased 0 shares, representing 0% for PHP 0 million. With this, the company has completed the repurchase of 20,300,430 shares, representing 1% for PHP 2,314.32 million under the buyback announced on November 26, 2018.
International Container Terminal Services, Inc. is a Philippines-based independent terminal operator. The Company builds and operates origin and destination gateway terminals, which are fully equipped to handle international containerized dry cargoes, containerized refrigerated cargoes and non-containerized cargoes. The Company operates principally in one industry segment, cargo handling and related services. It has organized its business into three geographical segments: Asia, EMEA and Americas. Asia segment includes Manila, Zambales, Batangas, Laguna, Cavite, Davao, General Santos, Misamis Oriental, Indonesia and China. EMEA segment includes Poland, Georgia, Croatia, Madagascar, Pakistan, DR Congo and Iraq. Americas segment includes Brazil, Ecuador, Argentina, Mexico, Colombia and Honduras.