Ariadne Australia Limited (ASX:ARA) announces a share repurchase program. Under the program, the company will repurchase its own shares. The purpose of the program is to acquire shares where they are trading at values below the board's opinion of the intrinsic value of the shares and such acquisitions benefiting all the shareholders and for ongoing capital management initiatives.

The program will be valid till March 1, 2024. As of February 28, 2023, the company has 196,193,657 shares in issue.