MCS Services Limited (ASX:MSG) announces a share repurchase program. Under the program, the company will repurchase up to 18,897,455 shares, representing 9.5% of its issued share capital. The purpose of the program is capital management.

The repurchases will be funded from company's existing cash flows. The program will be valid till May 16, 2024. As of May 2, 2023, the company had 198,817,939 shares issued.