Swick Mining Services Limited (ASX:SWK) announces a share repurchase program. Under the program, the company will repurchase up to 23,145,082 shares, representing 7.59% of its issued share capital, for total worth of AUD 1 million. The prices paid for shares purchased under the buyback program will be no more than 5% above the volume weighted average price of Swick shares calculated over the last five trading days on which sales in shares are recorded before the day on which the purchase under the buy-back program is made. The share repurchases will be cancelled. The purpose of the share repurchases is for ongoing capital management to increase both earnings per share and return on equity for shareholders. The program is valid for 12 months. As of April 7, 2020, the company has 304,885,704 shares are issue.