RPMGlobal Holdings Limited (ASX:RUL) announces a share repurchase program. Under the program, the company will repurchase up to 11,450,000 shares, representing 4.9% of its issued share capital. The timing and actual number of shares purchased under the program will depend on the prevailing share price, business and market conditions and other conditions such as the cash required by the company to fund growth opportunities.

The company will only repurchase shares at such times and in such circumstances as are considered beneficial to the efficient capital management of the company. The program will be within the “10-12 limit” permitted under the Corporations Act. There is no guarantee that the company will purchase any shares at all or the full or any portion of the 11,450,000 shares and the company reserves the right to suspend or terminate the program at any time.

The program will commence from June 14, 2022 and will be valid till June 13, 2023. As of May 27, 2022, the company had 232,499,792 shares in issue.