Fleetwood Limited (ASX:FWD) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 3.18% of its issued share capital, for AUD 5 million. The shares will be repurchased at no more than 5% above the VWAP of Fleetwood shares over the five trading days prior to the purchase.The purpose of the buyback is efficient capital management of the Company.

The program is valid till May 1, 2025. As of May 13, 2024, the company had 94,284,579 shares issued and outstanding.