Connexion Telematics Ltd (ASX:CXZ) announces a share repurchase program. Under the program, the company will repurchase up to 186,793,374 shares, representing 20% of it's issued and outstanding share. The purpose of the program is ongoing capital management.

The program will expire on November 15, 2024. As of November 17, 2023, the company has 933,966,869 shares in issue.