Thorney Opportunities Ltd (ASX:TOP) announces a share repurchase program. Under the program, the company will repurchase up to 14,215,888 shares, representing 7.42% of its issued share capital. The program is being launched to support the ongoing capital management. The program will be funded from existing cash reserves. The shares repurchased will be cancelled. The repurchases will commence on March 9, 2023, and the program will expire on March 8, 2024. As at February 22, 2023, the company has 191,566,561 issued and outstanding shares.

On March 8, 2023, the company appointed UBS Securities Australia Limited as the broker to the company,