HICL Infrastructure PLC (LSE:HICL) announces a share repurchase program. Under the program, the company will repurchase up to £50 million worth of its shares. zthe program will be funded using sale proceeds.

The purpose of the program is to provide shareholders with the benefit of NAV accretion, and will also help to reduce share price volatility. The porgram will be valid for 12 months.