Ovato Limited (ASX:OVT) announces a share repurchase program. Under the program, the company will repurchase up to 65,941,789 unmarketable parcel of shares as of the record date, representing 0.54% of its issued share capital for AUD 0.16 million. The shares will be repurchased at a price of AUD $0.0025 per share. An unmarketable parcel of shares in the company is a parcel of shares less than 200,000 shares held by a shareholders, valued at less than AUD 500. The repurchased shares will be cancelled. The program is part of the the company's capital management initiatives. The company has fixed October 15, 2021, as the record date of the offer. The offer is valid till December 3, 2021. As of October 21, 2021, the company had approximately 12,100,000,000 shares in issue.