Waterco Limited (ASX:WAT) announces a share repurchase program. Under the program, the company will repurchase up to 10% of its issued share capital for AUD 3 million. The shares will be repurchased at a price not more than 5% above the volume weighted price over the 5 trading days prior to purchase. The purpose of the program is to improve shareholders returns, enhance capital efficiency and maintain sufficient flexibility to pursue future growth and investment opportunities. The program will continue until June 15, 2022 or earlier if completed before. As of June 1, 2021, the company has 35,715,248 shares in issue.