Village Roadshow Limited (ASX:VRL) announces a share repurchase program. Under the program, the company will repurchase up to 37,569,837 shares, representing 6.81% of the issued share capital.The purpose of repurchase program is capital management. The repurchased shares will be cancelled. The shares will be purchased subject to a condition that the share price is trading in excess of a 10% discount to the last disclosed pre-tax net tangible assets per share.The repurchases will commence from August 1, 2019 and will be valid till July 31, 2020.As of July 19, 2019, the company has 551,552,448 shares in issue. Wilsons acted as broker to the company.