Kardan Israel Ltd. (TASE:KRIS) announces a share repurchase program. Under the program, the company will repurchase up to 6,087,562 ordinary shares, representing 7.5% of its share capital. The repurchases will be made at a price of ILS 5.5 per share for a total cost of ILS 33.48 million. The self-tender offer is not subject to minimum acceptance. The tender offer is valid until January 22, 2017.