Metalink, Ltd. (OTCPK:MTLK) announces a share repurchase program. Under the offer, the company will repurchase up to 1,945,000 shares, representing 72.3% of issued and outstanding shares. The company will repurchase the shares at a price of $1.5 per share, for a total cost of $2.92 million. The repurchases will be made through tender offer. The program will be funded from cash on hand and company’s internal resources. The purpose of the program is to provide all shareholders an opportunity for liquidity in their shares. The company believes that the repurchases contemplated by the offer is consistent with their long-term goal of maximizing shareholder value. The tender offer is not conditioned on the receipt of financing. The tender offer is conditioned upon at least 134,543 ordinary shares, representing 5% being tendered, the aggregate number of shares tendered in the offer being greater than the number of shares represented by notices of objection to the offer at the completion of the initial offer period and certain other conditions. If more than 1,945,000 shares are validly tendered and not properly withdrawn, the company will repurchase the shares on a pro rata basis from all shareholders who have tendered their shares in the initial offer period and the additional offer period. Uzi Rozenberg, the Chairman of Metalink's Board of Directors and Tzvi Shukhman, a member of the Board of Directors intend to tender all of their shares to the tender offer or at least such number of shares that will not result in them holding more than 25% of the company's ordinary shares after the offer. The offer will expire on January 30, 2017. As of December 29, 2016, the company has 2,690,857 ordinary shares issued and outstanding excluding 89,850 ordinary shares held in treasury.