JB Hi-Fi Limited (ASX:JBH) announces a share repurchase program. Under the program, the company will repurchase up to 11,488,337 shares, representing 10% of its issued capital, for AUD 250 million. The shares will be repurchased at a discount of between 8% and 14% to the Market Price at the end of the tender period.
Any shares repurchased will be cancelled. The company has set February 24, 2022, as the record date of the offer. The program will run through April 8, 2022.
As of February 14, 2022, the company had 114,883,372 shares in issue.