TPC Consolidated Limited (ASX:TPC) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 8.79% of its issued share capital. The prices paid for shares purchased under the buyback will be no more than 5% above the volume-weighted average price of company's shares over the five trading days prior to purchase.

The purpose of the program is to improve shareholder value and to give company flexibility to undertake capital management options. Shares repurchased will be cancelled. The program will be valid till December 27, 2023.

As of April 5, 2023, the company had 11,375,613 shares issued.