Itec Corporation (JASDAQ:9964) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 3.72% of its issued share capital for ?450 million. The shares will be repurchased at a price of ?1,418 per share. The purpose of the program is implementing agile capital policies in response to changes in the business environment, in order to enhance stock returns and improve capital efficiency. The repurchased shares will be cancelled. The program is valid till November 22, 2021. As of September 30, 2021, the company had 8,068,774 shares issued (excluding treasury stock) and 3,231,226 shares in treasury.