Ikwezi Mining Limited (ASX:IKW) announces a share repurchase program. Under the program, the company will repurchase up to 2,032,450 shares, representing 5% of its issued share capital for a total of approximately AUD 0.92 million. The shares will be repurchased at a maximum price of AUD 0.45 per share.

The purpose of the program is to provide shareholders with liquidity to dispose of their shares prior to the delisting of the company. The program is subject to shareholder approval to be obtained at the Extraordinary General Meeting to be held on November 24, 2022. The program will expire on December 23, 2022.

As at October 25, 2022, the company had 40,649,000 shares in issue.