Connexion Telematics Ltd (ASX:CXZ) announces a share repurchase program. Under the program, the company will repurchase up to 116,610,809 shares, representing 12.37% of it's issued and outstanding share. The purpose of the program is ongoing capital management.

The program will expire on November 16, 2023. As of June 22, 2023, the company has 942,466,869 shares in issue.