ReadCloud Limited (ASX:RCL) announces a share repurchase program. Under the program, the company will repurchase up to 11,831,755 shares, representing 9.88% of its issued share capital. The purpose of the program is efficient capital management of the company.

The program will run until April 3, 2023. As of March 16, 2022, the company had 119,764,921 shares in issue.